Hollywood Reporter: Cannes 2012: Ketchup Entertainment to Launch Domestic Distribution Label (Exclusive)

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CANNES — Los Angeles-based film financing and production entity Ketchup Entertainment is launching a new domestic distribution label via ARC Entertainment to handle both its own productions and acquisitions.

Stephen Stanley, from Gersh’s finance and distribution division, has been named head of acquisitions, with an eye to acquiring up to 10 movies in Ketchup’s first year. At least one of those titles will be released in 2012.

Ketchup, which is represented by Gersh, will be on the ground in Cannes looking for projects, and is headed by CEO Gareth West, COO Vahan Yepremeyan and CFO Artur Galstian.

“With an abundance of strong independent films being made, this is an exciting time for us. We are thrilled to be partnering with ARC Entertainment to establish innovative cross-platform distribution plans for our movies. Along with our own productions, we will look to acquire films pre and post production,” West said.

A longtime independent producer, West also was a driving force behind the L.A. International Short Film Festival for four years, including getting the event accredited by the Academy of Motion Pictures Arts and Sciences.

Ketchup has spent the past two years establishing its own film fund, and partnered with Impact Pictures last year to produce Eddie Izzard starrer Lost Christmas for the BBC.