Tribeca Enterprises, best known for organizing New York’s Tribeca Film Festival, has partnered with Giant Pictures to launch a new distribution label, Tribeca Films, which aims to make indie festival films films more accessible on streaming platforms.
The unit will focus on promoting and distributing independent films across streaming platforms to generate revenue for filmmakers. An evolution of Tribeca’s previous distribution initiatives, the label will acquire complete feature-length narrative, documentary, and animated films and back them with marketing support across the company’s media channels.
Already an established digital distribution agency, Giant Pictures will facilitate licensing deals, the use of creative materials, technical operations, and royalty accounting for Tribeca Films titles.
Tribeca Films will launch with a six-title slate that will be announced in the spring, ahead of June’s Tribeca Film Festival. According to the label, it plans to acquire as many as 35 films per year from festivals like Sundance, SXSW, Berlin, Cannes, Toronto, and, of course, Tribeca.
In a release accompanying the announcement, Tribeca co-founder and CEO Jane Rosenthal said:
The Tribeca Festival has always bet big on independent films and, for more than two decades, has championed emerging filmmakers by providing a global platform to showcase their projects. As the film industry evolves, we recognize the need to better support independent filmmakers in today’s crowded streaming and distribution market. Too many new voices are not reaching audiences. Tribeca Films will spotlight such films and give them life beyond the festival circuit.
Giant Pictures general manager Nick Savva added:
With deals for specialized films harder to come by, this is a great time for Tribeca to re-enter U.S. distribution. I look forward to bringing Tribeca’s slate of acclaimed festival films to top streaming platforms.
All films submitted for consideration by Tribeca Films must have digital rights available for broadcast to U.S. audiences.