Construction magnate Ron Tudor and Los Angeles entrepreneur David Bergstein, who hold a 45% stake in Elie Samaha’s Franchise Pictures, have expanded their reach in Hollywood by acquiring the $32 million Intermedia production “Laws of Attraction,” which stars Julianne Moore and Pierce Brosnan.
The film was originally to be co-financed by Intermedia and Bob Yari’s Stratus Film Co.
“The financing was at an impasse,” Bergstein told Daily Variety. “They had different points of view over how it was going to get financed. I paid Intermedia off and they got their investment plus a producing fee and I worked it out with Stratus.”
For Stratus, that will include some back-end participation. However, neither Intermedia nor Stratus hold equity in the pic and the copyright will revert back to Tudor and Bergstein.
Bergstein told Daily Variety that he expected the “Laws of Attraction” deal to be first of several with Intermedia.
“I’ve been looking at doing other things with Intermedia,” he said. “This helped facilitate that. (Tudor and Bergstein) have a heavy interest and focus in getting into the entertainment business.”
New Line Cinema will release “Laws of Attraction” domestically, with Initial handling foreign sales.