HOLLYWOOD — Jon Gumpert, formerly exec VP of Universal Pictures, has exited the studio to join Intermedia Films as vice chairman and head of motion picture operations.
At Intermedia, Gumpert will report to the company’s three co-chairmen, Moritz Borman, Nigel Sinclair and Guy East. He will be responsible for supervising worldwide motion picture operations, planning, structuring and financing film projects.
His appointment, a crucial one for Intermedia as it continues its expansion, comes on the heels of news that the company is close to making a deal to acquire foreign sales and financing boutique Initial Entertainment Group (Daily Variety, Oct. 26).
Gumpert, who has spent the last decade at U, was promoted to exec VP in 1994. He earned a reputation as the go-to guy for former U Pictures chairman Tom Pollock, Casey Silver and former U prexy and chief operating officer Chris McGurk. He is also known in the biz for his keen knowledge of international financing and acquisitions.
During his time at U, Gumpert was instrumental in securing off-balance-sheet financing and providing access to overseas tax shelters for film production.
Under the Seagram management, he led the team that negotiated U’s $1.1 billion Galaxy financing facility with Citibank.
Gumpert was also a primary architect of multiple split-rights deals at the studio for such pics as “Twelve Monkeys,” “The Jackal,” “Primary Colors,” “Erin Brockovich,” “Bridget Jones’s Diary” and “K-Pax.”
He was instrumental in crafting the financing co-venture between U-based Working Title Films and Canal Plus prior to the Vivendi Universal merger. (Working Title is now a wholly owned Vivendi U subsid).
Gumpert was also responsible for coordinating the international acquisitions of such U fare as “The Watcher,” “The Musketeer,” “The Skulls” and “Brotherhood of the Wolf.”
Before joining the studio in 1990 as senior VP legal and business affairs, he served as exec VP of Odyssey Entertainment. From 1983-85 he was president of World Film Services, an independent production and financing company.