To: LegalBeast who wrote (448 ) 6/18/1998 7:13:00 PM From: Capitalism Respond to of 5541
Page 2 Golan-Globus Background: In the 1980's, Golan-Globus built the Cannon Group into a highly successful production and distribution company, and created the business model for today's low budget independent film company. According to the Academy of Motion Picture Arts and Sciences6 in 1996 Cannon was ranked first among all independent film studios and tenth of all major production companies in the US. with a 2.7% total market ' et share of box office receipts. The company maintained a number 14 and number 11 ranking among all production con4xmies in 1987 and 1999 with a 1.3% and 1.1% market share respectively. After reaching the pinnacle of its success in 1986, Cannon Group strayed from its proven business model to work with higher budget films, utilizing high yield financing resulting in a vastly overleveraged balance sheet causing the ultimate demise of the company- Golan-Globus's films won several awards and nominations in-their history which demonstrates 1hat the team was able create production quality as well as a high quantity of films. Below is a brief list of awards- Year Movie Award / Nomination 1985 Runaway Train Oscar 3 Nominations Golden Globe: Won I Golden Globe: 2 Nominations 1986 Lovestreams Winner. Golden Bear. Berlin Film Festival 1986 Otello Oscar I Nomination 1997 The Assault Oscar Winner Best Foreign Film andGolden Globe 1987 Street Smart Oscar I Nomination Golden Globe- I Nomination 1988 A Cry in the Dark Oscar I Nomination Golden Globe: I Nomination Cannes Film Festival: Won I (source- Academy of Motion Picture Arts and Sciences) With almost 300 productions to its credit, the Golan-Globus team has worked with some of Hollywood's leading names and has also launched the creers of several celebrities, including Sharon Stone, Morgan Freeman, Chuck Norris- Jean-Claude Van Damme and Michael Dudikoff- Below is a selection of actors and actresses that Golan-Globus has worked with: Christopher Reeve (Superman IV Street Smart) Gene Hackman (Superman IV) Mariel Hemingway (Superman IV) Margot Kidder (Superman IV) Meryl Streep (A Cry in the Dark) Jon Voight (Runaway Train) Charles Bronson (Messenger of Death. Death Wish II, III & IV, Kinjite. Assassination) Chuck Norris (Missing in Action 1.2,3, Hero & the Terror, 'Me Delta Form, Delta Force 11, Firewalker) Sylvester Stallone (Over the Top, Cobra) Sharon Stone (King Solomon' s Mines, Allan Quatermain and the Log City of Gold) Richard Chamberlain (Allan Quatermain and the Lost City of Gold)