International film companies Intermedia Film Equities USA and Summit Entertainment are combining their overseas sales, marketing and distribution operations.
The joint venture will be called I.S. Film Distribution. Summit, privately held and controlled by a management team headed by Chief Executive Patrick Wachsberger, will handle sales on behalf of the venture. Wachsberger and Intermedia CEO Moritz Borman said they expect revenue from their combined operations to exceed $300 million in the coming year.