Foresight Unlimited today officially unveiled plans for a $120M-budged sci-fi action film titled Inversion, about what would happen if Earth lost its gravity. There’s no director yet, but financing is in place via Hong Kong’s Pegasus Motion Pictures and shooting is scheduled to start in January 2015. The script, from Bragi Schut and Children Of Men scribe David Arata, centers on a global chase against the clock to save Earth’s inhabitants, traveling from China to Europe to the U.S. where among other things New York City is completely inverted. Philip Lee (Cloud Atlas), Michael Nozik (Syriana) and Markus Barmettler (Conviction) are producers. It’s an unusually big budget for a pic that kicks off on the Croisette, but Forsight, the producer behind Lone Survivor and 2 Guns as well as the upcoming Rob Reiner pic And So It Goes and the Spike Lee-Justin Timberlake film Spinning Gold is clearly aiming for a big splash. The project was introduced to buyers just ahead of the Cannes market kickoff, with Foresight chairman and CEO Mark Damon and president Tamara Birkemoe already completing deals in territories including Spain, Russia, Benelux, Scandinavia, Eastern Europe, Latin America, South Africa, Philippines, the Middle East, Turkey, India and Thailand.
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UPDATE: While they were quick to announce Hotel 33 with Nicolas Cage, Foresight Unlimited has the benefit of hindsight and is backing off a bit. “We have learned that the deal with Nicolas Cage on Hotel 33 is not yet closed,” the company said in a statement tonight. “We therefore feel it is prudent to let the parties finalize their negotiations before we move forward with international representation of the film.”
Foresight Unlimited, Emmett/Furla Films and Envision Entertainment are gearing up with their third project together after 2 Guns and Lone Survivor. Described as a surreal thriller, Hotel 33 stars Nicolas Cage and is based on the presumed event surrounding the disappearance of 32 people on the opening night of the Grand Hotel in Williamsport, Pennsylvania, in 1953. Cage plays a detective investigating the happenings when four teenagers break into the abandoned hotel and things go mysteriously awry as two of the kids disappear. First time feature helmer Kellie Madison wrote the script and will direct with production to start in September. Open Road is releasing in the U.S. and Foresight is selling international. Randall Emmett and George Furla are producers. Envision’s Remington Chase, Stepan Martirosyan and Vitaly Grigoriants, and Foresight’s Mark Damon are exec producers as is Malek Akkad.
After two years stuck in the mud, the movie Spinning Gold, with Justin Timberlake as 1970s record icon Neil Bogart, seems to be spinning. Scripted by Timothy Scott Bogart, the pic is set up to be financed and sold at Cannes by Foresight Unlimited. Bogart nurtured the career of Curtis Mayfield, Bill Withers, Gladys Knight, KISS, Parliament, Donna Summer and The Village People among many others. He died in 1982 at age 39. Foresight’s CEO Mark Damon will produce the film alongside Timberlake, Laurence Mark and Boardwalk Entertainment’s Timothy Scott Bogart and Gary A. Randall. They hope to get underway next year.