In July 2015 Alchemy acquired the film distribution assets of ANconnect and the digital film and television distributor Anderson Digital, both divisions of Anderson Media Corporation. The transaction will result in the addition of 40 new employees to the existent 70 and expand the company's catalogue to over 1,300 films and 3,000 TV episodes. In December 2015 Bill Lee exited the company as CEO.
In February 2016 Alchemy laid off 40 employees, equaling 40% of the company's entire staff. due to liquidity issues. The company began selling off previously acquired films including The Lobster, Free Fire, Mia Madre, 31 and Evolution. The Lobster and Free Fire were purchased by A24, while Mia Madre was sold to Music Box Films, 31 to Saban Films and Evolution to IFC Midnight. The last of their acquisitions, Zeroville, wasn't released until 2019.
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Hollywood Reporter: "Alchemy Acquires ANconnect, Anderson Digital and Signs Pact With ARC Entertainment" July 13, 2015 https://www.yahoo.com/movies/alchemy-acquires-anconnect-anderson-digital-signs-pact-arc-183525062.html
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Hipes, Patrick (August 13, 2015). "'Evolution', Toronto-Bound Horror Pic, Acquired By Alchemy; 'Somali Project' Docks At Vladar Co". Deadline. Retrieved March 15, 2022. https://deadline.com/2015/08/evolution-toronto-horror-movie-alchemy-somali-project-vladar-1201498771/
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