As John Malone’s Liberty Media looks to refinance or sell Starz Media, Overture Films heads Chris McGurk and Danny Rosett are exploring a management buyout of the unit that houses Overture and other production entities, knowledgeable insiders have told Variety.
The duo has begun talking with investors as part of Liberty’s effort, Variety reported.
Under the proposal, Overture would remain intact, including its 75 employees, its library and its lucrative pay TV deal with Starz channels and its home videod pact with Anchor Bay. Liberty could retain an interest in the company.
Last week, other outlets reported that the studio had suspended development for the next 90 days while the parent company LIberty Media examined operations at the 3-year-old film unit.
Read more at Variety.