Vet trio aims co-prod’n at U
Former Live CEO Roger Burlage, producer Robert Rehme and attorney/finance guru Mel Pearl are in talks with Universal Pictures to create a new deep-pocketed film production and co-financing entity.
The showbiz veterans are in the process of raising hundreds of millions of dollars in co-production funds through insurance-backed bank loans and private equity investments, according to sources. While the deal is not yet finalized, the studio is expected to buy a stake in the startup.
Along with a handful of other studios, Universal has recently demonstrated an appetite for off-loading risk through co-production arrangements, including split-rights deals with Beacon, Mutual Film Co. and Kushner-Locke.
— Andrew Hindes
Fox 2000’s McCormick to WB
Fox 2000 executive vice president Kevin McCormick is ankling the Laura Ziskin-run production banner for the same position at Warner Bros., sources said Friday.
Though a Warner Bros. spokesman said she wasn’t aware of the hiring, sources at the studio confirmed that McCormick is joining the Burbank-based company. And while Fox officially had no comment, execs at that studio said McCormick was leaving, although no one was certain when that would be.
Neither McCormick nor Ziskin could be reached for comment.
It’s understood that McCormick would be filling the executive vice president post held by Tom Lassally, who is stepping down to set up a new Warner-based TV and film production venture with outside financing (Daily Variety, July 29).
McCormick, who first joined Fox 2000 in 1994 under an exclusive producing and consulting deal with the Fox film division, has served as exec-VP of the division since April 1995.
— Chris Petrikin