L.A. company joins Helkon, Carousel to finance 'Mutant'

FROM MIFED
MILAN — Quadra Entertainment has revamped its long-gestating futuristic actioner “The Mutant Chronicles” as a high-powered European co-production under the helm of Roger Christian (“Nostradamus”).

The L.A.-based sales company now plans to finance the pic, together with German distrib Helkon Media and Luxembourg-based Carousel Picture Co. There is no cast attached.

“Chronicles,” originally set up to be produced by Pressman Films, is an epic sci-fi pic about two warring factions battling to control Earth. Stuart Hazeldine and Philip Eisner wrote the screenplay, which is based on the Target Games videogame.

Quadra, headed by CEO Christian Halsey Solomon, is handling all international sales on “Chronicles.” Pressman, which has a sales and financing alliance with Quadra, may retain some involvement, such as exec producer.

Possible $20 mil price tag

It hasn’t been decided how the partners would split the costs of making the film, which could be as high as $20 million, or the rights. But Helkon seems sure to have German rights, while other distrib partners might be sought.

Filming in Europe might also allow access to subsidies. Carousel, for example, owns studio facilities in Luxembourg, where the pic might be filmed.

One year ago in Milan, Pressman and Quadra established a joint venture to handle at least five mid-sized features over the next two years, together with a consortium of foreign distribs.

The foreign partners split some 50% of each film’s budget, which will give them rights to their territory as well as a small equity position on each successive pic.

Pics borne out of the partnership include the Jean Claude Van Damme starrer “Legionnaire,” the Abel Ferrara-directed “New Rose Hotel” and the upcoming third installment of the “Crow” franchise, “The Crow: Salvation,” starring Kirsten Dunst, to which Dimension Films has domestic rights.

“Salvation,” which was written by Chip Johannesson, begins shooting Feb. 1. Brit musicvid helmer Bharat Nalluri is directing, and Pressman and Jeff Most are producing.

At Mifed, Quadra also is offering the Leslie Nielsen spoof “2001: A Space Odyssey,” which Alan Shearman and Nielsen are scripting, and Gabriel Pelletier will direct.

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