You will be redirected back to your article in seconds

Par’s Obst tackle

3-year prod'n deal includes pact with Lakeshore

Lynda Obst has inked an exclusive three-year film production deal with Paramount Pictures and Lakeshore Entertainment.

Under the joint agreement, Paramount will finance and distribute Obst’s bigger-budgeted, star-driven pics, while Lakeshore will handle her under-$10 million, niche-oriented projects.

Additionally, Lakeshore will co-finance with Paramount any Obst-produced pics on which the studio brings in a co-producing partner.

Of the two-tiered deal, Obst said: “I’ve always been in the studio system where my mandate was to make star-driven films. The freedom to find new ways of getting pictures made is exciting to me.”

Over the next few weeks, Obst will relocate her Lynda Obst Prods. banner to the Par lot from 20th Century Fox, where her previous deal recently ended.

While Obst would not specifically comment on the makeup of her staff at Paramount, she said she would be “keeping some people and looking to hire some new people.”

The producer still has a number of products in active development at Fox, including “Animal Husbandry,” the Tony Goldwyn-helmed “Georgia Rules,” and “The Wishbones” to which director Noah Bambach is attached. She also brings a number of development projects with her to her new Paramount roost, including an adaptation of Tolstoy’s “Anna Karenina.”

Another unusual aspect of the pact is Paramount’s agreement to use Lakeshore as co-financier of choice. Paramount tends to bring in production partners on almost every expensive film, and even many more moderately priced projects.

“This way I don’t wake up one morning with a different co-financier,” said Obst.

Obst, who wrote the bestselling behind-the-scenes look at showbiz, “Hello, He Lied,” said it also was a goal of hers to write a screenplay “when I get the time.”

The move to Paramount is something of a reunion for Obst. In 1985, then-Par exec Dawn Steel gave Obst her start as a producer. At the time, Obst was partnered with producer Debra Hill in Hill/Obst Prods.

In 1989, Obst set up her own production company and moved to Columbia Pictures, where she produced “The Fisher King” (with Hill), Nora Ephron’s “This is My Life” and exec produced “Sleepless in Seattle.”

At Fox, Obst produced four films: “The Siege,” “Bad Girls,” One Fine Day” and “Hope Floats.”

Obst, a former journalist, began her Hollywood career in 1979 as development executive for Peter Guber’s Casablanca/Polygram where she developed “Flashdance” and “Clue” and an adaptation of Carl Sagan’s “Contact.” In 1982, she joined the David Geffen Co., also as a development exec.

More Film

  • Tiffany Haddish CinemaCon

    CinemaCon Winners & Losers: Drunk Mark Wahlberg, Terrific Tiffany Haddish, Missing MoviePass

    Lynda Obst has inked an exclusive three-year film production deal with Paramount Pictures and Lakeshore Entertainment. Under the joint agreement, Paramount will finance and distribute Obst’s bigger-budgeted, star-driven pics, while Lakeshore will handle her under-$10 million, niche-oriented projects. Additionally, Lakeshore will co-finance with Paramount any Obst-produced pics on which the studio brings in a co-producing […]

  • Kin James Franco

    'Kin' First Trailer Shows a Villainous James Franco in Sci-Fi Thriller

    Lynda Obst has inked an exclusive three-year film production deal with Paramount Pictures and Lakeshore Entertainment. Under the joint agreement, Paramount will finance and distribute Obst’s bigger-budgeted, star-driven pics, while Lakeshore will handle her under-$10 million, niche-oriented projects. Additionally, Lakeshore will co-finance with Paramount any Obst-produced pics on which the studio brings in a co-producing […]

  • Taron Egerton Jamie Foxx

    Taron Egerton-Jamie Foxx's Tights-Free 'Robin Hood' Closes CinemaCon

    Lynda Obst has inked an exclusive three-year film production deal with Paramount Pictures and Lakeshore Entertainment. Under the joint agreement, Paramount will finance and distribute Obst’s bigger-budgeted, star-driven pics, while Lakeshore will handle her under-$10 million, niche-oriented projects. Additionally, Lakeshore will co-finance with Paramount any Obst-produced pics on which the studio brings in a co-producing […]

  • Tribeca Film Festival Awards 2018: 'Diane,'

    Jeffrey Wright, Alia Shawkat, 'Diane' Win Awards at Tribeca Film Festival

    Lynda Obst has inked an exclusive three-year film production deal with Paramount Pictures and Lakeshore Entertainment. Under the joint agreement, Paramount will finance and distribute Obst’s bigger-budgeted, star-driven pics, while Lakeshore will handle her under-$10 million, niche-oriented projects. Additionally, Lakeshore will co-finance with Paramount any Obst-produced pics on which the studio brings in a co-producing […]

  • Armando Iannucci

    'Veep' Creator Armando Iannucci to Direct 'In Too Deep' for Levantine Films (EXCLUSIVE)

    Lynda Obst has inked an exclusive three-year film production deal with Paramount Pictures and Lakeshore Entertainment. Under the joint agreement, Paramount will finance and distribute Obst’s bigger-budgeted, star-driven pics, while Lakeshore will handle her under-$10 million, niche-oriented projects. Additionally, Lakeshore will co-finance with Paramount any Obst-produced pics on which the studio brings in a co-producing […]

  • Blake Jenner’s Film ‘Billy Boy’ Gets

    Blake Jenner’s Film ‘Billy Boy’ Gets Release Date, Trailer (Watch)

    Lynda Obst has inked an exclusive three-year film production deal with Paramount Pictures and Lakeshore Entertainment. Under the joint agreement, Paramount will finance and distribute Obst’s bigger-budgeted, star-driven pics, while Lakeshore will handle her under-$10 million, niche-oriented projects. Additionally, Lakeshore will co-finance with Paramount any Obst-produced pics on which the studio brings in a co-producing […]

  • Dakota Johnson

    'Suspiria' Dares CinemaCon Crowd Not to Vomit With Gruesome Footage

    Lynda Obst has inked an exclusive three-year film production deal with Paramount Pictures and Lakeshore Entertainment. Under the joint agreement, Paramount will finance and distribute Obst’s bigger-budgeted, star-driven pics, while Lakeshore will handle her under-$10 million, niche-oriented projects. Additionally, Lakeshore will co-finance with Paramount any Obst-produced pics on which the studio brings in a co-producing […]

More From Our Brands

Access exclusive content