UPDATE, 3:04 PM: The company just sent out this release: “Collaborative and fruitful discussions between Exclusive Media’s management and Dasym Investment Strategies are ongoing. Dasym will continue its support for the company. Together we have taken steps to right size our operations. We …
UPDATE, 4:25 AM: Exclusive Media co-chairman/CEO Nigel Sinclair has confirmed Deadline’s exclusive story last night that a reorganization is underway at the company, one that very well could leave the co-founders no longer running the label after some big bets didn’t pay off. Sinclair issued this statement: “Exclusive Media’s management is engaged in collaborative discussions with our partners from Dasym Investment Strategies BV regarding the forward plan for the company. We will make an announcement regarding the outcome of these discussions at the appropriate time.”
PREVIOUS EXCLUSIVE, THURSDAY PM: The talk of Berlin is a shake-up that is going on right now at Exclusive Media, the production and foreign sales company that is headed by Nigel Sinclair and Guy East. I’m hearing that this will likely end with both of them either leaving those executive posts or transitioning into producing deals. Insiders acknowledge the turmoil, but denied that Sinclair or East could be fired because they are part owners of the company. Sinclair and East — well respected veterans who were behind Let Me In, The Ides Of March and Woman In Black as well as the music documentaries Last Play At Shea with Billy Joel and the Martin Scorsese-directed docu on George Harrison — formed Exclusive Media when they merged their Spitfire Pictures label into the venture, with an acquisition of Hammer Films coming after. The company is backed primarily by Netherlands-based investment company Dasym Investment Strategies.
Los Angeles, CA – November 30, 2011 – Brian Oliver, President of Cross Creek Pictures, Simon Oakes, Vice-Chairman of Exclusive Media Group and President & CEO of Hammer Films and Guy East and Nigel Sinclair, Co-Chairmen of Exclusive Media Group (“Exclusive”) announced today that Hammer has acquired the rights to the novel “Boneshaker” by Cherie Priest for adaptation to the big screen. Project will be co-produced by Hammer and Cross Creek Pictures and co-financed by Exclusive and Cross Creek Pictures.
John Hilary Shepherd, a 2010 WGA Award nominee for his work on the first season of the Showtime series, “Nurse Jackie,” is writing the screenplay. Tobin Armbrust, Head of Production is overseeing the project’s development for Hammer Films.