Cannon is fodder for Panda suit

Woody Allen is showing up in new places. First, he became a spokesman for French tourism. Now he’ll be at Fox Searchlight.

The studio is negotiating a worldwide rights deal for his next film. Allen just completed a three-pic domestic distribution deal at DreamWorks that will be completed when the studio distributes the Jason Biggs/Christina Ricci starrer “Anything Else” this fall.

The one-picture deal for Allen, being negotiated by ICM, business manager Steve Tennenbaum and Searchlight prexy Peter Rice, covers a project he will direct in the fall.

click here to skip chart

eal, it would likely receive a huge equity boost from the wealthy Canadian Belzberg family. In its suit, Independent named Blake and Panda parent Rhino Publications Ltd. as defendants. Blake could not be reached Tuesday.

Independent, which has a production relationship with Cannon, was able to acquire the confidential information, the suit said.

But after the information was given to Blake, he and his backers cut their own stock purchase deal with Cannon majority stockholder Christopher Pearce, who is also president, chairman and CEO. Blake allegedly offered Independent only a finder’s fee.

The suit seeks compensatory and punitive damages and an injunction against acquisition of Cannon stock by the defendants for themselves alone and continuing to oust Independent from the opportunity to buy the stock.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety