Co. focuses on thrillers, comedies, action pix

Anthony Esposito’s Leading Pictures and independent producer Richard Glasser have formed production-distribution company Libra Entertainment, which has signed a first-look production deal with production-sales outfit Cutting Edge Entertainment.

Libra will create projects with Canadian content as well as U.K. and European Commission treaty-friendly productions. Under the agreement, Libra will utilize Cutting Edge’s output deals and financing relationships to develop features in the $3 million-$12 million range to be shot in Canada as well as the U.K. and other European countries.

Libra has a number of projects in development, with a focus on thrillers, comedies and action pieces.

Esposito forged a relationship with Cutting Edge CEO David Glasser with “The Mint,” starring Bridget Fonda and Tom Berenger, and “Wise Girls,” with Mira Sorvino. Esposito is set to produce both films, which are slated to begin production Stateside in 2001 under the Cutting Edge banner.

Leading Pictures and its financial partner Raymond Lee recently forged a partnership with Bette Midler, Bonnie Bruckheimer and Julia Eiseman’s All Girl Prods. to form Leading Girl’s Prods. for future film projects.

Esposito has produced and arranged financing for features that include “Justice,” with Jim Belushi; “Special Delivery,” starring Sean Young and Penny Marshall; and “Spooky House,” featuring Ben Kingsley and Mercedes Ruehl.

Founded in 1993, Cutting Edge is producing Alec Baldwin’s directorial debut, “The Devil and Daniel Webster,” starring Anthony Hopkins, Jennifer Love Hewitt and Baldwin.

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