Prod'n company also finalizes $90 mil credit facility
Seagal/Nasso Prods., the film company of action star Steven Seagal and his producing partner Julius Nasso, has finalized a credit facility worth more than $90 million and concluded a string of international output deals.
The financing deal was put together by Adrian Scrope, director of Films (Guernsey) Limited and Film Investment and Loan Management Services (F.I.L.M.S.), and his partner Jorge Gallegos, president of American Film Services.
The lending institutions are Banque Internationale (Luxembourg) and the London branch of Berliner Bank.
Up to five pics a year
Seagal/Nasso said it would use the money to finance and produce up to five pictures per year.
Separately, Seagal/Nasso has set output deals for its entire slate of films in Germany (Highlight Communications), Taiwan (Spring Cinema) and the Netherlands (Film Fan).
According to Highlight’s Kristina Dubin, Seagal/Nasso’s output of “highly commercial and arthouse movies” fits perfectly with the German distrib’s strategy. Highlight’s releases in Germany have encompassed everything from “Highlander II” to “The Player.”
Last week Seagal/Nasso announced that Seagal would star in and produce an untitled biopic of 12th century Mongol Genghis Khan. The period battle epic, which is expected to cost about $40 million, is based on a spec script by Peter Doyle and Michael Lodge.
“Khan is the story of a man who conquered the known world in horrific ways,” Seagal told Daily Variety. “But he was also one of the most brilliant strategists who ever lived.”
Seagal will produce the film with Nasso. Seagal/Nasso Prods. prexy Philip Goldfine will exec produce and put together fi-nancing for the project.
‘Blood’ in development
Another higher-budget title in development is the actioner “Blood on the Moon,” directed by Steve Wang with Seagal attached to star.
The company’s smaller, specialized productions include Paul Sorvino’s “Trouble with Cali,” Sante D’Orazio’s “Cousin Joey,” and the just-acquired black comedy “Most Likely to…,” to be written and directed by John Benjamin Martin.
Already in post-production at Seagal/Nasso is the drama “Not Even the Trees,” starring Nicole Brier and Ryan Alosio, which will not be covered by the new financing facility.
“(This deal) allows me not only to provide my own company with the funding to produce a slate of films I’ve wanted to make, but also gives me the opportunity to help other filmmakers achieve their dreams,” says Seagal.
Seagal/Nasso was repped in the bank deal by its attorney Craig Emanuel of Tenenbaum, Emanuel & Fleer, together with Goldfine.
Doyle’s credits include MGM’s planned remake of “The Thomas Crown Affair.” He and Lodge were repped by Jim Stein of Writers & Artists.