×
You will be redirected back to your article in seconds

AFM ’93; Vision’s CEO drops prez title

Vision Intl. chairman/CEO Mark Damon has relinquished his additional title of president to allow him to concentrate on acquiring, producing and selling films.

Pursuing his goal of parlaying the 7-year-old Vision into a worldwide distribution force feeding 20 pictures a year to foreign distribs, Damon also disclosed he’s negotiating a long-term pact with former Carolco prexy Peter Hoffman.

Vision is angling to distribute overseas “most” future films from Hoffman’s Cinevisions and in some cases to handle domestic release as well, said Damon.

“Peter (Hoffman) intends to put a lot of films before the cameras. We are having advanced discussions about representing most of his productions,” Damon said yesterday, adding there is no deal yet.

Damon confirmed that two weeks ago he decided to up Stephen Monas from senior VP of business affairs to president, while he remains as chairman/CEO.

He had intended to hold back on announcing Monas’ promotion and on airing the Hoffman conversations until after the American Film Market.

But he agreed to discuss both issues with Daily Variety to emphatically quell speculation circulating at the AFM that falsely suggested Vision is struggling, that Damon himself is exiting and that Hoffman would take the reins at Vision.

“We have the biggest slate we’ve ever had,” boasted Damon, referring to 18 films from pre-production to release, with combined budgets of $ 209 million.

Appearing relaxed and confident in the spacious Vision suite overlooking the ocean, foreign sales vet and former actor (who appeared in 50 films, the last in 1974) Damon stressed: “We’re in better shape financially than ever.” He was flanked by Monas, who said Vision is well-funded by pre-sales plus production loans from several institutions: Imperial, Mercantile National and Kreditbank Luxembourg. Like many Hollywood companies, Vision had to find alternative sources of funds after Credit Lyonnais decided to cut back its loan portfolio.

To strengthen Vision’s presence overseas, in the past three months the company has sealed output deals with distribs in six territories, Damon disclosed. The exec says he’s not ready to name these distribs. He listed the advantages of those pacts as doing business with distribs that provide “accurate accounting,” and avoiding the need to negotiate each picture separately.

Vision has domestic distrib deals with Sony’s Triumph Releasing and Columbia TriStar Home Video. Sony has a minority stake in Vision, as have Trans World Entertainment partners Moshe Diamant and Eduard Sarlui.

Vision’s sales agency agreement with Epic Prods. ended after Diamant and Sarlui were forced out of Epic by Credit Lyonnais. Epic’s current chief John H. Peters reportedly is talking to various sales agents about handling Epic’s library. Damon says he’s also talking to Epic about extending the sales deal.

Triumph is releasing Vision’s Eskimo epic “Shadow of the Wolf” this Friday on 400 prints, and “Sidekicks” (Beau Bridges, Joe Piscopo) on April 9. At the AFM, Damon reported strong pre-sales for Vision’s slate headed by “Men of War” (Dolph Lundgren), “Attack of the 50-Foot Woman” (Daryl Hannah) and “Benji-Benji.”

More Film

  • Les Arcs's Co-Production Village Kicks Off

    Les Arcs's Co-Production Village Kicks Off 10th Edition

    Marylise Dumont’s “Black Dog,” Jonas Matzow Gulbrandsen’s “Ashes and Snow” and “Each of Us” are among the 20 projects which will be pitched at the 10th edition of Les Arcs Film Festival’s Co-Production Village. The Co-Production Village will run alongside the festival which will be presided by Ruben Ostlund, the Swedish helmer of Palme d’Or-winning [...]

  • Maria Alché Debut ‘A Family Submerged’

    Visit Films Sells Key Territories with Maria Alché Debut ‘A Family Submerged’ (EXCLUSIVE)

    MADRID —  New York’s Visit Films announced at Buenos Aires’ Ventana Sur market, that the company has secured distribution in Mexico and Spain on Maria Alché’s directorial debut, “A Family Submerged.” In Mexico, the film was snagged by top indie production and distribution company Interior 13 Cine, distributors for Cristina Gallego and Ciro Guerra’s Colombian [...]

  • Macao

    'Clean Up' Takes Top Prize at Macao Festival and Awards

    Korean drama movie, “Clean Up” took the best film prize on Friday night at the closing ceremony of the International Film Festival and Awards Macao. The jury, which comprised Chen Kaige, Danis Tanovic, Mabel Cheung, Paul Currie, and Tillotama Shome, said: “’Clean Up’ is a powerful, visceral film which is symbolic and naturalistic at the [...]

  • Breaking Glass Snags Prizewinning Argentine Gay

    Ventana Sur: Breaking Glass Snags Argentine Gay Drama ‘Marilyn’ (EXCLUSIVE)

    In a last-minute deal inked at Ventana Sur, Breaking Glass Pictures (BGP) snapped up North American rights to gay-trans drama “Marilyn,” the feature debut of Argentine helmer-scribe Martin Rodríguez Redondo. The Philadelphia-based company has been on a mini-buying spree, having previously snagged threesome drama “We Are Three” at the Buenos Aires confab. BGP has bought [...]

  • Tom Cruise as Ethan Hunt in

    Paramount Inks Deal for Theme Park in South Korea

    Paramount Pictures has announced a deal to install a studio-branded theme park in an entertainment resort being developed in South Korea. The agreement was struck between Paramount and Mohegan Gaming & Entertainment, which owns the Inspire Integrated Entertainment Resort in the South Korean city of Incheon. Mohegan has invested KRW 2.8 trillion ($2.4 billion) in [...]

  • Arca, Cacerola, Viento del Norte, Panda

    Arca, Cacerola, Viento del Norte, Panda Team on ‘Mental Health Not Included’ (EXCLUSIVE)

    BUENOS AIRES — In a return to film production after serving as president of Argentina’s National Institute of Film and the Audiovisual Arts (INCAA) and then as a member of parliament, film producer Liliana Mazure is teaming with prestigious counterparts in Mexico and Brazil on a three-part, pan-regional dark comedy, “Mental Health Not Included.” Lead [...]

  • IFFAM and Variety Celebrate Asian Talent

    IFFAM and Variety Celebrate Asian Talent Up Next

    The International Film Festival and Awards Macao and Variety combined forces for the second year running to put a spotlight on Asia’s acting talent. A well-attended meet-the-stars press event on Friday afternoon in Macau was addressed by leading local official, Maria Helena Senna de Fernandes. She turned the microphone over the five actors from different [...]

More From Our Brands

Access exclusive content