Dick Cook has been relatively quiet since being ousted as Walt Disney Studios chairman in September 2009, save landing a board seat at Legendary Pictures back in April. But now it appears he is making noise in a big way: Bloomberg is reporting that Cook is looking to raise $625 million in equity financing to make and distribute family-oriented films, according to a banker with knowledge of the matter.
Cook is talking to private equity, hedge funds and wealthy individuals, Bloomberg says. Other terms of the deal were not disclosed. If successful, the move would return Cook in full to the business of making movies, which he did for seven years as the Disney Studios boss (he was at Disney for 38 years, famously starting out as a ride operator at Disneyland), overseeing the creation of the lucrative Pirates of the Caribbean series among other franchises. Until now, Cook was aboard only one film project: as producer of Legendary’s Jackie Robinson biopic, which was announced in June and will be done at Warner Bros.
Bond 23… Total Recall… The Girl With The Dragon Tattoo… the list of partnered movies keeps growing longer and longer between Sony Pictures and the reconstituted MGM:
LOS ANGELES, CA (May 18, 2011)- MGM will become a financial partner on the upcoming Sony Pictures Entertainment film 21 Jump Street, it was announced today by MGM Co-Chairmen and Chief Executive Officers Gary Barber and Roger Birnbaum and Sony Pictures Chairman and CEO Michael Lynton and Co-Chairman Amy Pascal. Sony will handle marketing and distribution, while MGM will handle select international television licensing for the film.
21 Jump Street is part of the recently announced agreement between Sony and MGM to explore co-financing opportunities on future motion pictures produced by each of the respective studios for the next five years. They have most recently partnered on the highly anticipated Bond 23, set for worldwide release on November 9, 2012.
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Don’t be fooled by the headlines this summer that likely will focus on how strong movie ticket sales look compared to last year. Researchers at SNL Kagan predict that domestic box office for the period from late April to the … Read More »
Here’s the official release detailing what Nikki reported back on October 11:
London/New York (November 01, 2010) – The Icon UK Group, owned by Access Industries, and The Weinstein Company (TWC) today announced a major new film finance/production fund. To be administered by Icon, the fund will focus on
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Looking to beef up its place in the independent film finance/distribution arenas, Gersh has promoted to partner Jay Cohen, the producer who last year joined the agency to spearhead the department. Gersh has also hired producer Jennifer Dana to work closely with Cohen to package projects and work with film funds. Dana is in post-production on the Emma Roberts-Freddie Highmore film Homework, which she produced under her Mint Pictures banner. She formed her producing company after a stint with Andrew Lauren Productions. Among the film funds repped by Gersh are Queen Nefertari Productions, Northern Lights Films and Ketchup Media. The agency is also looking to secure offshore equity from Columbia, UK and China. Read More »
It’s a small deal — just a 3.3% investment in Thomas Tull’s Legendary Pictures by Hong Kong’s Orange Sky Golden Harvest Entertainment, one of the leading production, exhibition, and distribution companies in China. Behind the scenes, I’ve learned that “The Two Skips” … Read More »
I’ve learned that the Abu Dhabi-based film financier is talking to European producers in France and Germany about investing in projects. This may turn into a longer-term joint venture, like the ones Imagenation has already sealed with Hollywood producers including Parkes/Macdonald and Participant. It’s puzzled me as to why this Arab financier has not done any deals with European companies yet. It’s announced $600 million worth of joint ventures with Hollywood, yet European film companies such as Constantin of Germany or Italian producer Cattleya have their own studio links. Europe is closer to the Gulf than Los Angeles Read More »
EXCLUSIVE: The media fund is raising money for a number of projects including 28K, written by Paul Abbott. Showtime USA is currently remaking Abbott’s Channel 4 series Shameless, while Universal turned his BBC series State of Play into the Russell Crowe movie. The urban thriller starts filming in October. Ultimate … Read More »
While film financier David Bergstein has been often maligned, he is much appreciated on a slow news day. Because he’s the story that keeps giving. Not long ago, Deadline told you that a bankruptcy judge appointed a trustee to seize temporary control of the assets steered by Bergstein, including the … Read More »