Indie Companies: Orchard (Life Animated) Sold 1091 Media

The Orchard Film Group, the indie studio that made Hunt for the Wilderpeople and Life Animated is sold to 1091 Media.

The studio’s new owners are an investment group affiliated with the digital media holding company Dimensional Associates. The companies have an agreement in principle, and under the terms of deal, 1091 Media will pick up all existing operations of the Orchard’s film and TV business.

The new company will be rechristened and is expected to continue investing in content, perhaps beginning at this year’s Sundance Film Festival.

The sale is taking place because the Orchard has decided to divest its film and TV division to focus its resources and investment on its core music operations. The agreement with 1091 Media reunites the film division with its original ownership team, which established the goal for the movie and television distribution business.

In a release announcing the deal, 1091 says the new company will “pursue further opportunities in video content and distribution through new technologies and delivery.”