Scott brothers finalize financing, distrib deal

Directors Ridley and Tony Scott have finalized their four-year, $ 25 million financing and domestic distribution deal with Italy’s RCS Films & TV, London’s Majestic Films Intl. and 20th Century Fox (Daily Variety, Sept. 29).

According to the deal’s terms, the Scott brothers each will direct two pictures produced by RCS/PMP Films and will produce additional films beyond that initial commitment.

The budget on each of the Scotts’ films reportedly will be $ 35 million or less.

Heading their new company will be Mimi Polk, a 10-year associate of Ridley Scott’s.

Fox will control domestic and Latin American distribution rights, including theatrical, video, television and ancillary rights such as merchandising, in addition to U.K. pay TV and Star TV rights. Soundtrack albums created under the deal will be released on Fox Records in the U.S. and Canada.

Foreign distribution will be handled by London-based Majestic Films, an international distribution company created by Guy East and majority-owned by RCS (Rizzoli/Corriere Della Sera).

Investment banking firm Intermedia/Film Equities Inc. masterminded the deal, representing the Scotts. The brothers also were represented by Creative Artists Agency and the entertainment law firm of Sinclair Tenenbaum & Co. Inc. RCS and Fox were represented by New York-based Werbel McMillin & Carnelutti.

Ridley Scott directed “Alien” for Fox and helmed such pix as “Thelma & Louise ,””Black Rain,””Blade Runner” and “The Duellists.” Tony Scott directed “True Romance,””Top Gun” and “Beverly Hills Cop II.”