Exclusive: In a development that will chill those roaming the halls of the virtual American Film Market and putting film deals together, Lionsgate has exited The Plane, the Christian Gudegast-directed action film set to star Gerard Butler. The film was the big acquisition title at last year’s AFM, and it sold out to the walls quickly after financier MadRiver International unveiled it. Lionsgate took a big chunk of the world, landing rights in North America, Latin America, the UK and India.
I’ve confirmed that Lionsgate is out, because the producers were unable to lock down production insurance that would cover a Covid-19 outbreak. The turbulence should be temporary for The Plane: MadRiver International and CAA Media Finance, which made the original deal, will make another soon with a distributor that likely will self-insure. That means the new distributor will set aside several million dollars to provide a cushion,...
I’ve confirmed that Lionsgate is out, because the producers were unable to lock down production insurance that would cover a Covid-19 outbreak. The turbulence should be temporary for The Plane: MadRiver International and CAA Media Finance, which made the original deal, will make another soon with a distributor that likely will self-insure. That means the new distributor will set aside several million dollars to provide a cushion,...
- 11/11/2020
- by Mike Fleming Jr
- Deadline Film + TV
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