When the Emmett/Furla Films-funded Motor City cratered just before production began, an arbitration petition was filed by film financing company Row 1, claiming it was owed $2.6 million, for pre-production financing. I’m told that dispute has been settled.
A film financing company claims Emmett/Furla Films owes it over $2.6 million for a loan for the now shuttered Motor City and it wants the courts to ensure it can get the cash back. In its Petition for Provisional Relief Pending Arbitration (read it here) filed Wednesday, Row 1 Entertainment says that it provided a short-term bridge loan to EFF last July for $1,735,000. The money was intended for pre-production financing for Motor City and was supposed to be paid back on October 9, 2012. However, EFF suspended production on Motor City on September 1 because of scheduling and release date hassles. The Albert Hughes directed project has not been resurrected, star Gerard Butler is going after EFF for pay-or-play money and Row 1 says despite repeated efforts it hasn’t gotten its dough.
EXCLUSIVE: Emmett/Furla Films has stepped up and committed to fully finance Motor City, the Albert Hughes-directed action film that stars Gerard Butler as a man who is double crossed, and seeks revenge on the guy who put him behind bars and took his woman. Gary Oldman is aboard to play the villain, and Amber Heard the woman. The film, which has a budget north of $40 million, is now set to begin production in September through EFF and Silver Pictures. Joel Silver and Andrew Rona are producing for Silver Pictures, while Randall Emmett and George Furla board as producers for EFF, along with their funding partners, Envision Entertainment’s Stepan Martirosyan and Remington Chase. Brandon Grimes is coproducer. Warner Bros will distribute domestically, while foreign rights will be sold at Cannes by Mark Damon and Foresight. CAA reps domestic rights.
EXCLUSIVE: It looked good there for a day but Jake Gyllenhaal’s deal to star in the Albert Hughes-directed Motor City has veered off the road. Talks fell apart, over scheduling, I hear. The actor wanted to push the dates …