Canton, Senator call it a wrap

Companies give up exclusivity, will work together on pic-by-pic terms

The Canton Co. and German conglom Senator Entertainment have dissolved their exclusive joint venture, effective immediately. The move was anticipated (Daily Variety, Oct. 22).

Under terms of the restructuring, the partners give up exclusivity and will work in the future on a picture-by-picture basis.

Canton will control all aspects of future development and production of the 20 projects currently on the development slate, with Senator retaining its ownership and a position in any future completed films.

Under their deal, inked in August 2000, Senator fully financed Luis Mandoki’s “24 Hours,” which Canton produced with Propaganda Films. Pic is slated for release in the second quarter of next year through Columbia Pictures.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety