EXCLUSIVE: It took two decades, but it’s finally getting off the ground thanks to billionaires Ron Burkle and Steve Bing, Windsor Media’s Terry Semel, Arnon Milchan’s New Regency and James Packer’s and Brett Ratner’s RatPac Entertainment. The heavies have come together to finance Warren Beatty’s long-gestating Howard Hughes-based project. The roughly $26.7M production, which Beatty will direct and star in as Hughes, will revolve around Hughes’ assistant (Alden Ehrenreich, Beautiful Creatures) and his love interest (Lily Collins, Mirror, Mirror). New Regency, Beatty and Ratner are producing, with Packer executive producing. Regency will handle foreign through Fox. They’ve already shot a small amount of film on the picture, but it starts rolling in earnest today. Beatty’s wife Annette Bening and Matthew Broderick and other surprises are expected (a la Jack Nicholson, maybe? One can only hope). The focus of the film is the love story of the two younger characters.
Warren Beatty’s Untitled Howard Hughes Pic Finally Takes Flight Financed By Billionaire Boys’ Club; Ehrenreich, Collins To Star In Love Story; Bening And Broderick Also In
LOS ANGELES, CA (March 12, 2012) – New Regency COO/CFO Louis Santor is exiting his post this July, it was announced today by company president and CEO, Brad Weston. Over the past month, the seasoned executive has worked with company chairman Arnon Milchan and Weston to help select his successor, Jonathan Fischer, who has been appointed to the post of chief financial officer. Santor will be staying on for a transitional period through the summer, as a consultant working alongside Fischer.
Santor, a 20-year veteran of the company, is moving on to pursue a number of opportunities and new challenges which have presented themselves over the past several months. He has been instrumental in the company’s past successes, including most recently securing the renewal of the bank line of credit. Long-time deputy CFO, Robert Corzo, will be staying on in an increased capacity.
Fischer most recently served as president of Groundswell Productions, a position he held for two years. His New Regency appointment is effective immediately and he will report to Weston.
After Arnon Milchan reconstituted New Regency with a new $500 million credit line and plans to reemerge at the helm with former Paramount production president Brad Weston as CEO, Alexandra Milchan has returned to the company as executive vice …
EXCLUSIVE: Hours after Deadline revealed the impending exit of New Regency chairmen Bob Harper and Hutch Parker, I’m told that former Paramount Pictures production president Brad Weston is in deep negotiations to run the production/financing company as president/CEO. That …
EXCLUSIVE: A major shake up is taking place at Arnon Milchan’s New Regency. Co-chairmen Bob Harper and Hutch Parker will not renew their contracts when they expire in December. I’ve confirmed with Harper that he and Parker are negotiating their exits. There had recently been a ripple of rumors about this, and there will be the inevitable speculation over whether the duo are jumping before being pushed. Harper didn’t get into that, but said that he was confirming because he and Parker were aware of the rumors and were most concerned with reassuring filmmakers with Regency projects that the duo would continue to be closely involved and see those films through to release. Harper also said the decision came after months of conversations with Milchan over whether or not to renew. Recently, they came to the conclusion that this was the best course. Milchan could conceivably name a replacement quickly, but Harper told me that he and Parker will continue to see through the completed films as well as some of the projects that are gearing up for production starts, regardless of how quickly the succession takes place.
Harper had been in the job for four years (he moved from the post of vice chairman of Fox Filmed Entertainment and has worked for Fox since 1986), and Parker had been in the post for more than three years (he moved over from the post of 20th Century Fox vice chairman, and had been with the studio 13 years when he took the job). They have been involved in every facet of New Regency films, including production, marketing, distribution and administering the library. Harper said it is unclear what will happen next year, and that he and Harper haven’t solidified their plans. I wouldn’t be surprised if they remain on the Fox lot as producers or in some other capacity.