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Inside Move: Mechanic pays for pitch

Ex-Fox topper dips into personal funds for pic

Former 20th Century Fox chairman Bill Mechanic has made his move into the marketplace with the purchase of a pitch based on the true story of Heather Tallchief, the Las Vegas armored car driver who absconded with $3.1 million in October 1993 and is still at large.

Richard Regen, who pitched the story, will write the script based on an article by Daniel Jeffrys, a New York Post reporter who wrote about Tallchief in an article for women’s magazine Marie Claire.

Although deal points remain to be closed, Mechanic is said to be paying for the pitch from his own pocket. That scenario is not expected to last for long, however; Mechanic is assembling the infrastructure for a company in the vein of Joe Roth’s Revolution Studios (Daily Variety, Sept. 12).

Mechanic is expected to address the topic of that venture at today’s American Film Marketing Assn. luncheon, where he will provide the opening address for AFMA’s second annual production conference.

Regen, a former journalist, previously sold the heist thriller “Kill Van Kull” to Sonnenfeld/Josephson. He also created the UPN series “Secret Agent Man.”

Regen is repped by Alan Gasmer and Mike Lubin at the William Morris Agency and by attorney Alan Hergott at Bloom Hergott Diemer & Klein.

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