Thus on September 23, 2003, Spyglass instead made a similar deal with Sony Pictures. This deal was never finalized and the relationship was not working well. In December 2003, Spyglass ended its deal with Disney and agreed to a four-year first-look non-exclusive co-financing and production deal with DreamWorks. That same year, it attempted to merge with smaller independent distributor Intermedia, but it failed. One of its projects was the short-lived series Miracles. On August 6, 2002, Spyglass Entertainment launched a television division, and it was focused on small screen projects. On March 7, 2003, Spyglass Entertainment agreed to a four-year distribution output deal with Village Roadshow for Australia, New Zealand and Greece. īy May 23, 2000, Disney took a 10% equity stake in Spyglass, along with Svensk Filmindustri of Scandinavia and Lusomundo of Portugal. Night Shyamalan's The Sixth Sense (released 1999), Spyglass's second film after Instinct, grossed $661 million at the global box office. On October 29, 1998, European media conglomerates Kirch Group and Mediaset invested in theatrical, video and television distribution rights to between 15 and 25 films in Germany, Italy, Spain, Poland and the former Soviet Union for over five years. Spyglass's operations were formed and based at the Walt Disney Studios. Its slate of film projects and an initial financial advance of $10 million to $20 million against future overages were also contributed by Disney. After Caravan's remaining three films were released, Caravan went inactive. Birnbaum previously left Caravan at the prompting of then Disney studio chief Joe Roth with Disney cutting its yearly production output, Roth recommended forming a self-financing production firm similar to New Regency Productions. The startup company signed a five-year distribution agreement with Disney, which took an equity stake. On August 21, 1998, Gary Barber, former vice chairman and COO of Morgan Creek Productions, together with Roger Birnbaum, co-founder and former head of Caravan Pictures, founded Spyglass Entertainment.

Spyglass Media Group, LLC (formerly Spyglass Entertainment) is an American film production and finance company founded by Gary Barber and Roger Birnbaum in 1998.

The golden spyglass