These days, it seems everyone is running away from the big studios.
On the same day that Tom Sherak, the 17-year 20th Century Fox vet, announced he was ankling to join Joe Roth’s Revolution Studios as a partner, news surfaced that another former Fox vet, Bill Mechanic, is inching closer to forming his own Revolution-like shingle.
On June 23, Mechanic surprised the industry by ankling his position as chairman and CEO of Fox Filmed Entertainment. Rumors quickly circulated that he was being sought to assume a similar studio position at a rival studio such as Vivendi/Universal, with whom he is said to have met. But sources say such talk is erroneous: Instead, he is headed down the indie shingle track.
Mechanic is known to have met recently with such studios as Disney and DreamWorks regarding domestic distribution for his new, as yet unformed company. And, with the exception of August when he was on vacation, he has accelerated his talks with an array of potential foreign investors.
A deal is said to be weeks, not months, away. Meanwhile, the well-read Mechanic, who once taught film, is understood to be working on a more immediate project: a book.
Mechanic could not be reached for comment.