forgot to include this =
By: vinny03 $$$$
Reply To: 28520 by vinny03 $$$$ Thursday, 10 May 2001 at 9:50 AM EDT
Post # of 28556
Few things to look at in this PR today:
While the exact figure has not been disclosed, Magellan CEO Pat Charles stated that the production-financing fund is mid-seven figures and was arranged by California investment banker Richard Alan Ladd. The production fund, along with additional financing from other investment partners and distributors, will enable Magellan to plan to produce 2 to 4 pictures a year in the $2 to $10 million-dollar range.
Mid Seven Figures and not with any kind of debenture or debt equity. That should take care of the business plan as expected with no more money problems. If you look up Richard Alan Ladd, you will find that he is very prominent and well known in money circles throughout California. He is the son of actor Alan Ladd, and brother of David Ladd.
Look at the names that are involved here with the production slate. These are not unknowns, and with this schedule, there should be a continuous stream of movies completed for release at least 3 times per year.
Magellan's current slate includes: FIRST YOU DREAM THEN YOU DIE, written by Franco Ferrini (ONCE UPON A TIME IN AMERICA), Enrico Medioli (THE DAMNED) and Francisco Lucente (CEO of Canada's Pioneer Pictures, who will co-produce). The film is based on historical allegations tying famous Hitchcock scriptwriter Cornell Woolrich to a series of grisly serial killings in New York during the 1930's. Set for a late-summer production start in Europe, the project will be financed through a mix of equity investments, foreign subsidies and presales with Magellan's Tony Romano and Michel Shane producing.
Comedy veteran Michael Ian Black, currently seen on NBC's hit show "Ed," has written and will helm his offbeat comedy THE PLEASURE OF YOUR COMPANY for Magellan in early summer. Project will reunite Michael Garrity and Marc Fusco as producers; Mike Gabrawy joins them in this effort.
Magellan's Romano and Shane will produce FIVE STONES with partner Progressive Pop LLC and co-producer Ellen Endo Dizan. Scribe/director Jeffrey Kramer calls the indigenous Hawaiian story "an epic journey into love;" it is set to shoot in Hawaii this fall.
Most recently, Magellan has set up CATCH ME IF YOU CAN, based on the best selling autobiography of notorious con man Frank Abignale, at Dreamworks SKG. Production is scheduled to start early in the fall and is rumored to have Leonardo di Caprio attached.
The information in this press release should also be in Variety Magazine.
Good Luck and Good Trading to all.
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