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IAC Films sets sail with new pix

'Storm,' 'Dublin,' and 'Waves' on tap for co.

IAC Films may be in administration, but it’s still in business.

Four months after seeking shelter from the threat of bankruptcy, the London-based sales company has come out fighting with three films set to shoot in November, and several more projects to come next year.

“Baltic Storm,” which will go before cameras Nov. 5, stars Greta Scacchi and Jurgen Prochnow in a political thriller inspired by the real-life sinking in 1994 of the passenger ferry “Estonia” in the Baltic Sea. Reuben Leder is directing this story of a German TV reporter and a Swedish lawyer who uncover a military conspiracy. Producers are Jutta Rabe, whose book on the incident is a bestseller in Germany, and Kaj Holmberg, with Mimi Leder exec producing. Buena Vista has German rights; Smile Entertainment will distribute in Scandinavia.

“Waiting for Dublin” will roll Nov. 18 in Ireland. Directed by Roger Tucker and starring Andrew Keegan, it’s a WWII romantic comedy about an American bomber pilot who crash-lands in Ireland. Producer is Paul Breuls of Belgian outfit Corsan, which has struck a 50-50 co-financing deal with IAC for several pics to shoot over the next 12 months.

“Making Waves,” which will start shooting Nov. 25, is another Corsan movie. Set in the swinging Britain of 1967, it’s a comedy about a pirate radio station transmitting from a ship three miles out to sea. Richard E. Grant and Michael Gambon will co-star alongside several big names of Brit TV comedy including Johnny Vegas and Angus Deayton. Ian Sharp directs from a script by William Davies and Simon Nye. Producers are Breuls and Thomas Hedman.

Three more Corsan films are in the works. “Spoils,” a heist movie to be directed by P.J. Pesce and star Bruce Greenwood, is set to shoot in December. Directors are being sought for “The Box Collector,” a California-set thriller, and “Escape,” a quasisequel to “Midnight Express”; pics are scheduled to go before cameras in the first quarter of 2003.

IAC, which is premiering the John Turturro movie “Secret Passage” at Mifed, has spent the summer cutting back and restructuring its operations after going into company voluntary administration (CVA) in June. Move came after the collapse of company’s plans for an IPO.

CVA allows existing management — in this case Guy Collins, Michael Ryan and Keith Cousins — to remain in place while they attempt to meet a five-year repayment schedule to be agreed upon with creditors.

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