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History: Upgraded the sources.
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In August 1999, German distributor [[Kinowelt]] announced that they had taken a 50% stake in the company from Alliance Atlantis.<ref>{{Cite web |date=August 9, 1000 |first=Pam |last=Swedko |title=AAC's $400M partner |url=https://playbackonline.ca/1999/08/09/26337-19990809/ |access-date=2023-07-13}}</ref><ref>{{Cite web |author=Variety Staff |date=1999-08-02 |title=Kinowelt takes stake in Alliance Atlantis |url=https://variety.com/1999/biz/news/kinowelt-takes-stake-in-alliance-atlantis-1117744414/ |access-date=2023-07-08 |website=Variety |language=en-US}}</ref> By May 2000, the venture was renamed as Momentum Pictures.<ref>{{Cite web |last=Dawtrey |first=Adam |date=2000-05-10 |title=Momentum rolls with 'Brother,' 'Bullwinkle' |url=https://variety.com/2000/film/news/momentum-rolls-with-brother-bullwinkle-1117781480/ |access-date=2023-07-13 |website=Variety |language=en-US}}</ref> Kinowelt attempted to purchase AAL's stake in Momentum Pictures as late as 2001, but were unable to do so due to their fiancial issues.<ref>https://variety.com/2001/film/news/momentum-develops-under-kosse-1117798360/</ref> Eventually, the joint-venture partnership would fall through between companies, and Momentum reverted to being a fully-owned subsidiary of AAL.<ref>https://www.theglobeandmail.com/report-on-business/bankrupt-german-firm-dumps-last-of-alliance-atlantis-stock/article25577437/</ref> |
In August 1999, German distributor [[Kinowelt]] announced that they had taken a 50% stake in the company from Alliance Atlantis.<ref>{{Cite web |date=August 9, 1000 |first=Pam |last=Swedko |title=AAC's $400M partner |url=https://playbackonline.ca/1999/08/09/26337-19990809/ |access-date=2023-07-13}}</ref><ref>{{Cite web |author=Variety Staff |date=1999-08-02 |title=Kinowelt takes stake in Alliance Atlantis |url=https://variety.com/1999/biz/news/kinowelt-takes-stake-in-alliance-atlantis-1117744414/ |access-date=2023-07-08 |website=Variety |language=en-US}}</ref> By May 2000, the venture was renamed as Momentum Pictures.<ref>{{Cite web |last=Dawtrey |first=Adam |date=2000-05-10 |title=Momentum rolls with 'Brother,' 'Bullwinkle' |url=https://variety.com/2000/film/news/momentum-rolls-with-brother-bullwinkle-1117781480/ |access-date=2023-07-13 |website=Variety |language=en-US}}</ref> Kinowelt attempted to purchase AAL's stake in Momentum Pictures as late as 2001, but were unable to do so due to their fiancial issues.<ref>https://variety.com/2001/film/news/momentum-develops-under-kosse-1117798360/</ref> Eventually, the joint-venture partnership would fall through between companies, and Momentum reverted to being a fully-owned subsidiary of AAL.<ref>https://www.theglobeandmail.com/report-on-business/bankrupt-german-firm-dumps-last-of-alliance-atlantis-stock/article25577437/</ref> |
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In 2003, AAL announced plans to spin off the company and its own [[Alliance Films|Canadian theatrical division]] as an income fund business, entitled Motion Picture Distribution LP, of which they would hold a majority interest.<ref>https://www.screendaily.com/alliance-atlantis-spins-off-distribution-businesses/4014824.article</ref> The deal closed in October.<ref>https://www.lexpert.ca/big-deals/movie-distribution-acquires-canadian-and-uk-motion-picture-businesses/344700</ref> |
In 2003, AAL announced plans to spin off the company and its own [[Alliance Films|Canadian theatrical division]] as an income fund business, entitled Motion Picture Distribution LP, of which they would hold a majority interest.<ref>{{cite web|title=AAC to spin off distribution unit|url=https://playbackonline.ca/2003/09/15/aac-20030915/|website=Playback|date=September 15, 2003}}</ref> The deal closed a month later in October.<ref>{{cite web|title=Movie Distribution Acquires Canadian and UK Motion-Picture Businesses|url=https://www.lexpert.ca/big-deals/movie-distribution-acquires-canadian-and-uk-motion-picture-businesses/344700|website=Lexpert|date=October 13, 2003}}</ref> |
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After the breakup of Alliance Atlantis in 2007, Motion Picture Distribution LP, including Momentum, was sold to EdgeStone Capital Partners<ref>https://www.screendaily.com/edgestone-capital-partners-acquires-49-of-canadas-mpd/4033327.article</ref> with [[GS Capital Partners]] keeping the other stake. In September, the business became known as Alliance Films. |
After the breakup of Alliance Atlantis in 2007, Motion Picture Distribution LP, including Momentum, was sold to EdgeStone Capital Partners<ref>{{cite web|title=EdgeStone Capital Partners acquires 49% of Canada's MPD|url=https://www.screendaily.com/edgestone-capital-partners-acquires-49-of-canadas-mpd/4033327.article|website=Screen Daily|date=June 26, 2007}}</ref> with [[GS Capital Partners]] keeping the other stake. In September, the business became known as Alliance Films. |
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On May 28, 2012, [[Entertainment One]] announced that they would purchase Alliance Films<ref>{{Cite web |url=https://www.thestar.com/entertainment/article/1201858--eone-confirms-talks-to-buy-alliance-films/ |title=EOne confirms talks to buy Alliance Films |access-date=2017-08-24 |archive-date=2012-05-30 |archive-url=https://web.archive.org/web/20120530061048/http://www.thestar.com/entertainment/article/1201858--eone-confirms-talks-to-buy-alliance-films |url-status=live }}</ref><ref>Tartaglione, Nancy. [https://deadline.com/2012/09/eone-confirms-it-will-acquire-alliance-films-for-230m-331208/ ''Canada's eOne Confirms It Will Acquire Alliance Films For $230M.''] ''[[Deadline Hollywood]]'' (September 7, 2012)</ref>, which would be completed on January 9, 2013.<ref>{{cite news|url=https://www.cbc.ca/news/business/entertainment-one-ready-to-close-alliance-deal-1.1375283|title=Entertainment One ready to close Alliance deal|agency=Canadian Press|date=January 3, 2013|work=CBC News|access-date=January 6, 2013|archive-date=August 1, 2023|archive-url=https://web.archive.org/web/20230801113951/https://www.cbc.ca/news/business/entertainment-one-ready-to-close-alliance-deal-1.1375283|url-status=live}}</ref> Afterwards, Momentum Pictures was folded into Entertainment One's UK theatrical operations.<ref>https://deadline.com/2015/09/eone-momentum-pictures-orion-releasing-partnership-toronto-film-festival-2015-1201519511/</ref> |
On May 28, 2012, [[Entertainment One]] announced that they would purchase Alliance Films<ref>{{Cite web |url=https://www.thestar.com/entertainment/article/1201858--eone-confirms-talks-to-buy-alliance-films/ |title=EOne confirms talks to buy Alliance Films |access-date=2017-08-24 |archive-date=2012-05-30 |archive-url=https://web.archive.org/web/20120530061048/http://www.thestar.com/entertainment/article/1201858--eone-confirms-talks-to-buy-alliance-films |url-status=live }}</ref><ref>Tartaglione, Nancy. [https://deadline.com/2012/09/eone-confirms-it-will-acquire-alliance-films-for-230m-331208/ ''Canada's eOne Confirms It Will Acquire Alliance Films For $230M.''] ''[[Deadline Hollywood]]'' (September 7, 2012)</ref>, which would be completed on January 9, 2013.<ref>{{cite news|url=https://www.cbc.ca/news/business/entertainment-one-ready-to-close-alliance-deal-1.1375283|title=Entertainment One ready to close Alliance deal|agency=Canadian Press|date=January 3, 2013|work=CBC News|access-date=January 6, 2013|archive-date=August 1, 2023|archive-url=https://web.archive.org/web/20230801113951/https://www.cbc.ca/news/business/entertainment-one-ready-to-close-alliance-deal-1.1375283|url-status=live}}</ref> Afterwards, Momentum Pictures was folded into Entertainment One's UK theatrical operations.<ref>https://deadline.com/2015/09/eone-momentum-pictures-orion-releasing-partnership-toronto-film-festival-2015-1201519511/</ref> |
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