30West Acquires Minority Stake in British Film Company Altitude

Beatrice Verhoeven

30West on Friday acquired a significant minority stake in British film company Altitude Media Group.

Altitude, led by Will Clarke and Andy Mayson, was formed in 2012 as a vertically integrated studio encompassing production, finance, international sales and UK and Irish distribution.

The studio produced and released Asif Kapadia’s critically acclaimed documentary “Diego Maradona,” detailing the life of the celebrated Argentinian soccer star. Other releases for the studio include the likes of “Amy,” “Moonlight,” “20 Feet From Stardom,” “Lady Macbeth,” “Beast” and “The Florida Project.”

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“We couldn’t be more delighted to cement our relationship with 30West,” Clarke said in a statement. “They are an ideal partner to support our ambitious plans for Altitude Media Group, which encompass several significant new areas of business.”

30West’s Altitude investment marks the company’s second significant investment in the last couple of years. In 2018, 30West acquired a majority ownership stake in Neon, which earned four Academy Awards for Bong Joon Ho’s “Parasite,” becoming the first non-English language film to win best picture.

30West, founded in 2017, provides capital and strategic guidance to “creative projects and forward-thinking companies operating throughout popular culture,” the company said in a statement. The media division works with filmmakers to guide every stage of creative packaging, production, sales, distribution and licensing in order to maximize production quality and audience reach.

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The company recently wrapped production on Kevin Macdonald’s “Prisoner 760” starring Benedict Cumberbatch, Jodie Foster, Shailene Woodley and Tahar Rahim, as well as “Violence of Action” starring Chris Pine and directed by Tarik Saleh.

30West also executive produced and financed “Late Night,” starring Mindy Kaling and Emma Thompson, which they sold to Amazon following its world premiere in Sundance; Karyn Kusama’s “Destroyer” starring Nicole Kidman; and Peter Hedges’ “Ben Is Back,” starring Julia Roberts and Lucas Hedges.

Read original story 30West Acquires Minority Stake in British Film Company Altitude At TheWrap