The Edward R. Pressman Corp. is moving into a global mode. The company, topped by producer Edward Pressman, is in merger discussions with foreign sales company Quadra Entertainment, headed by Christian Solomon and Chris Bialek.
Solomon and Pressman confirmed the talks, with Solomon telling Daily Variety, “We are working as two separate companies now,” but both said they expect to cement their relationship by midsummer.
Producer of such diverse films as “Conan the Barbarian,” starring Arnold Schwarzenegger, Terence Malick’s “Badlands” and Danny DeVito’s “Hoffa,” Pressman has customarily spread the international sales efforts among different sales companies such as MDP Worldwide and Summit Entertainment. Tying in with the Quadra team would centralize Pressman’s overseas deal-making, while giving Solomon and Bialek a prolific source of quality product.
The two companies previously joined forces, along with Chris Hanley, to acquire the film rights to Breat Easton Ellis’ tome “American Psycho.” That pic is due to begin lensing next fall with helmer Marry Harron (“I Shot Andy Warhol”) .
Quadra recently brought Pressman together with Helkon Media, the German distributor, which has inked with Pressman for a package of films.
“This is a natural evolution for our company, after getting into foreign sales in an ad hoc way on ‘The Crow,’ ” Pressman said. “But we were not organized to do it in a comprehensive way. It became emphasized to us that it was important to develop ongoing contacts with key buyers. I hope this would enhance our ability to do what we do better and more autonomously.”
He added, “It’s great to be working with someone who speaks five languages,” referring to Solomon’s multilingual talents.
Pressman also acknowledged the financial advantages of having an inhouse foreign sales capability. “Producing for producer fees is a tough row to hoe.”
Pressman’s affinity for films with international appeal is well established, including his involvement with such films as Wolfgang Peterson’s “Das Boot.”