Producer Mark Damon has resolved his legal disputes with Credit Lyonnais Bank Nederland and is moving forward with a multipicture slate to be produced and distributed through his Mark Damon Prods.
Damon’s company has secured a $ 50 million line of credit for financing of future pictures through investment group Cin-Fin, with additional financing coming from both investment bankers Pinnacle Partners and Crescent Partners.
While Damon has resigned hisleadership of Vision P.D.Q. and will no longer do business under the Vision name, he will continue to use the name for U.S. video distribution.
“The Vision name has achieved a certain amount of notoriety, but it will now be one of our subdivisions,” Damon said.
Damon and Diamant
Damon is also continuing his relationship with former Vision partner Moshe Diamant, stepping in to handle the foreign distribution of such upcoming films as “The Quest,” due out this summer starring and directed by Jean-Claude Van Damme (Universal will handle domestic distribution).
Other films out of this partnership include “Viper,” starring Lorenzo Lamas; “Men of War,” starring Dolph Lundgren and Charlotte Lewis; and “Saints & Sinners ,” starring Christina Ap-plegate, which is now going into production.
A new project, Cineville’s “Nightwood Bar,” will be jointly funded by Damon and Michael Mendelsohn of Banque Paribas. Talks are ongoing for Mary-Louise Parker and Tom Arnold to star in the story of two L.A. detectives who delve into the lesbian underground to solve a murder. Cineville will produce with Tim Hunter producing and directing.
Among the other projects Damon Prods. has ongoing is “Savate,” now in pre-production with Isaac Florentine to direct.
MDP also has a partnership with Kushner-Locke to produce five films which Damon’s company will distribute overseas and domestically. Among the films on tap are “Sensation,” starring Eric Roberts, which just completed principal photography, and the upcoming “Wes Craven’s Outpost.”
Mark Damon Productions will do overseas licensing on Cinevision films “Johnny Mnemonic,” starring Keanu Reeves, Dolph Lundgren and Ice-T; “Never Talk To Strangers;””Shatter Image,” directed by Raul Ruiz and “Do Not Disturb,” starring Christopher Lambert.
Damon’s company expects to release up to 15 films on video in 1994 and will announce a 35-picture lineup at the American Film Market, 11 of which will be introduced for the first time.