EXCLUSIVE: Twilight Saga star Peter Facinelli is producing an adaptation of Street Soldier: My Life as an Enforcer For Whitey Bulger and the Boston Irish Mob, an adaptation of the Edward MacKenzie and Phyllis Karas book. Facinelli Films is teamed …
EXCLUSIVE: James Franco will star with Winona Ryder in The Stare, a Jay Anania-directed film that is the first project funded by Waterstone Entertainment, a new producing/financing company formed by producer Jeff Kalligheri and Texas real estate developer and producer Steve Bowen.
Waterstone intends to generate projects it develops and has several other projects percolating, including two that will be produced by Franco (one he’ll direct) and his Rabbit Bandini partner Vince Jolivette. Waterstone’s core business will be to build a distribution business through a partnership it will strike with an independent distributor, Kalligheri said. Waterstone will put up minimum guarantees on films, and will also be looking for structured finance opportunities on films that are in the works. Kalligheri said he will be meeting with potential strategic partner distributors at Cannes, with Waterstone repped by Gersh’s head of Packaging and Finance, Jay Cohen. Bowen has funded several projects but no hits and is looking to step it up. Kalligheri had most recently been president of production at Queen Nefertari Productions, which had been been developing Adrenaline for Entourage’s Kevin Connolly to direct.
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.