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Alchemy (company)

From Wikipedia, the free encyclopedia

FormerlyMillennium Entertainment
IndustryFilm, home entertainment, distribution
PredecessorFirst Look Studios
DefunctJune 30, 2016
FateChapter 7 bankruptcy
ProductsIndependent theatrical films, DVD, Blu-ray

Alchemy (formerly Millennium Entertainment) was an American independent global film distributor based in Los Angeles, California. The company acquired and distributed feature films, television series and specialty programming.[1]


Millennium Entertainment was 60% owned by production company Nu Image. Exclusive Media Group owned 20% and Prentice Capital owned the remaining stock.[2] Following its formation in 2010, the company marked its first noteworthy theatrical release in 2011 with Trust, starring Academy Award nominees Clive Owen, Catherine Keener, and Viola Davis.[3] Alchemy owns and operates[1] a film library consisting of over 1,000 titles, including Paris, Je’TAime, Transsiberian, and Bad Lieutenant: Port of Call New Orleans, as well as the recent titles Elephant White, starring Djimon Hounsou and Kevin Bacon; Shadows and Lies, starring James Franco; and Blitz, starring Jason Statham.

Millennium Entertainment logo
Millennium Entertainment logo

Television series released by Alchemy include The Cosby Show, Baywatch, and A Different World. First Look Studios originally released all eight seasons of The Cosby Show, A Different World, and other shows on DVD, but they eventually filed bankruptcy in 2010.[4][5] Millennium Entertainment acquired all of First Look Studios’ assets, and continued to release them in the United States, Canada, Bermuda, and other U.S. Territories.[6] In April 2013, it was announced that Millennium Entertainment would be sold, and an investment company, Salem Partners, would assist in the sale.[2] In August 2014 the company's library and distribution assets had been sold to a consortium consisting of its current management and Virgo Investment Group. The new owners renamed the company Alchemy in January 2015, finally cutting ties to its former sister company Millennium Films.[7]

In July 2015 Alchemy acquired the film distribution assets of ANconnect and the digital film and television distributor Anderson Digital, both divisions of Anderson Media Corporation.[8] The transaction will result in the addition of 40 new employees to the existent 70 and expand the company's catalogue to over 1,300 films and 3,000 TV episodes.[9] In December 2015 Bill Lee exited the company as CEO.[10]


In February 2016 Alchemy laid off 40 employees, equaling 40% of the company's entire staff.[11][12] due to liquidity issues.[13] The company began selling off previously acquired films including The Lobster,[14] Free Fire,[15] and Mia Madre.[16] Lobster and Fire both sold to A24, while Madre was sold to Music Box Films.[17][18][19]

Alchemy filed for Chapter 7 bankruptcy on June 30, 2016.[20] All employees were released following the bankruptcy.[21][22]


TV series



Distributed lines


  1. ^ a b "Millennium Entertainment Company Profile". Millennium Entertainment. Millennium Entertainment. Archived from the original on 19 May 2013. Retrieved 5 March 2013.
  2. ^ a b Millennium On The Block; Salem Partners To Handle Sale Of Distribution Unit. Deadline Hollywood (April 22, 2013).
  3. ^ "Trust". Millennium Films. Archived from the original on June 24, 2016. Retrieved August 7, 2016.
  4. ^ Ofgang, Kenneth. "Court Revives Suit Over Profits From Ving Rhames Movie". Metropolitan News-Enterprise. Retrieved 5 March 2013.
  5. ^ "FIRST LOOK MEDIA INC (FIRST:OTC US): Stock Quote & Company Profile - Businessweek". Businessweek. Bloomberg. Retrieved 5 March 2013.
  6. ^ "First Look Studios Acquired by Millennium Entertainment". Retrieved 5 March 2013.
  7. ^ [1]
  8. ^ The Wrap: "Alchemy Acquires ANconnect and Anderson Digital, Creates Alliance With ARC Entertainment" By Tim Kenneally July 13, 2015
  9. ^ Hollywood Reporter: "Alchemy Acquires ANconnect, Anderson Digital and Signs Pact With ARC Entertainment" July 13, 2015
  10. ^ Galuppo, Mia (December 7, 2015). "Bill Lee Abruptly Exits as Alchemy CEO". Retrieved February 18, 2016.
  11. ^ McNary, Dave (February 17, 2016). "Indie Distributor Alchemy Hit With 40 Layoffs". Retrieved February 18, 2016.
  12. ^ Brooks, Brian; D'Alessandro, Anthony (February 16, 2016). "Alchemy Faces Financial Woes, Slashes Staff & Uncovers "Discrepancies Within Parts Of Its Businesses"". Deadline Hollywood. Retrieved February 18, 2016.
  13. ^ IndieWire: "How the DVD Business Is Destroying Alchemy" By Eric Kohn February 17, 2016
  14. ^ McNary, Dave; Seetoodeh, Ramin (May 19, 2015). "Cannes: 'The Lobster' Selling to Alchemy (EXCLUSIVE)". Variety. Retrieved August 7, 2016.
  15. ^ Fleming Jr, Mike; Jaffar, Ali (November 12, 2015). "Alchemy Closes Deal For Ben Wheatley's White-Hot 'Free Fire' – AFM". Deadline Hollywood. Retrieved August 7, 2016.
  16. ^ D'Alessandro, Anthony (May 19, 2015). "Alchemy Takes U.S. Rights To Nanni Moretti's 'Mia Madre' – Cannes". Deadline Hollywood. Retrieved August 7, 2016.
  17. ^ Fleming Jr, Mike (March 1, 2016). "A24 Postpones 'The Lobster' Theatrical Release – Update". Deadline Hollywood. Retrieved August 7, 2016.
  18. ^ D'Alessandro, Anthony (March 10, 2016). "A24 Scoops Up Brie Larson Action Thriller 'Free Fire' In Wake Of Alchemy Financial Turmoil". Deadline Hollywood. Retrieved August 7, 2016.
  19. ^ D'Alessandro, Anthony (April 19, 2016). "Music Box Rescues Nanni Moretti's 'Mia Madre' From Alchemy". Deadline Hollywood. Retrieved August 7, 2016.
  20. ^ "Alchemy Files For Chapter 7-Names Long List of Creditors". Deadline Hollywood.
  21. ^ "Alchemy". Retrieved August 7, 2016.
  22. ^ McNary, Dave (July 7, 2016). "Alchemy Files for Chapter 7 Bankruptcy Protection". Variety. Retrieved August 7, 2016.
  23. ^ "Millennium Entertainment TV Shows". DVD Right Ascension, Inc. Retrieved 5 March 2013.

External links

This page was last edited on 26 February 2021, at 19:19
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