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Young, Principato form production firm

First project ready to begin filming

Manager-producers Paul Young and Peter Principato have formed a management-production firm, with one of its first projects, Thomas Lennon and Ben Garant’s “You Are Going to Prison,” set for production.

Beacon Pictures will take the reins on “Prison” with the intent to move the project into production before any possible guild strikes next summer. Young will produce the subversive comedy, now out to directors, while Young and Principato’s bicoastal firm will handle both scribes and actors.

“We recognized the need for a company that can provide excellent representation for talented people across all areas,” Young and Principato announced in a joint statement. “Our combined experience allows us to facilitate the increasingly successful careers of creative people who write, produce and star for movies, television shows and new-media projects.”

Comedy on tap

The company recently set up a comedy pitch, “Ho Ho Bro,” with USA Films. Client Adam Glass is penning the script, which will star another client, Anthony Anderson. Glass and Anderson are developing the pic for USA; Anderson is producing with Tapestry Films.

Young also recently cut a deal for Scott Lew to direct the comedy “Bickford Schmeckler’s Cool Ideas” for the Weitz brothers and Lloyd Segan at Artisan Entertainment in the fall.

Other clients include Dina Spybey, who will appear in “John Q” opposite Denzel Washington under helmer Nick Cassavetes; D.J. Qualls, who appeared in “Road Trip” and is set to star in “The New Guy” for Joe Roth’s Revolution Studios; Artie Lange, currently starring on “Norm” for ABC; Henry Pincus, whose film “A Normal Life” is being produced by Newmarket Capital; and Victoria Strouse, whose romantic comedy “Just Like a Woman” sold to New Line last year for $1 million against $2 million.

Young was formerly head of Polestar Management for two years. Before that, he was an exec at Paramount Pictures and a reporter for Daily Variety.

Principato just finished a deal with Broadway Video Entertainment, where he ran his management company for more than three years.

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