Prexy Diamond exits Franchise

Exec ankles amid 'creative differences'

Daniel Diamond, president of international distribution and marketing at Franchise Pictures, is exiting his post at the nascent indie company.

According to Franchise co-chairmen Elie Samaha and Ashok Amritraj, Diamond is leaving due to “creative differences.”

Neither the partners nor Diamond would give the precise reasons for the exec’s departure, although they are understood to have disagreed over the fundamental strategy of the company.

Opposite directions

“Danny wanted to go in one direction while we wanted to go in another,” Amritraj said.

All execs stressed the parting was completely amicable and that they would be happy to work together in the future.

“I’m proud of the company that we started,” Diamond said. “In less than nine months we have emerged as a major force in independent production and foreign distribution.”

Other interests

He would not reveal what his future plans were, but said that he would be “pursuing other interests.”

Franchise has produced pics such as “A Murder of Crows,” starring Cuba Gooding Jr., “The Confession,” starring Alec Baldwin, and “If … Dog … Rabbit,” directed by and starring Matthew Modine.

Among the Franchise pics in various stages of production are “White River Kid,” starring Antonio Banderas, and “Boondock Saints,” starring Willem Dafoe.

Diamond set up Franchise’s relationships with key foreign distribs and made a number of package deals for its pictures. He dealt with BSkyB (U.K.), Metropolitan (France), Helkon Media (Germany), Gaga (Japan), Cecchi Gori (Italy) and Scanbox (Scandinavia), among other buyers.

Prior to joining Franchise at the end of 1997, Diamond was vice president of sales and marketing at Capella Films.

His departure comes less than a month after Franchise closed a $100 million credit facility with Imperial Entertainment Group, C.E. Heath and ICE Media.

Fox Searchlight is releasing Franchise’s romantic comedy “20 Dates” in the U.S. in early 1999.

More Biz

  • Ron Burkle

    Ron Burkle Sues Lantern Capital Over Weinstein Co. Costs

    Daniel Diamond, president of international distribution and marketing at Franchise Pictures, is exiting his post at the nascent indie company. According to Franchise co-chairmen Elie Samaha and Ashok Amritraj, Diamond is leaving due to “creative differences.” Neither the partners nor Diamond would give the precise reasons for the exec’s departure, although they are understood to […]

  • Netflix Reed Hastings

    Netflix Falls Short of Q2 Subscriber Expectations Worldwide, Stock Dives

    Daniel Diamond, president of international distribution and marketing at Franchise Pictures, is exiting his post at the nascent indie company. According to Franchise co-chairmen Elie Samaha and Ashok Amritraj, Diamond is leaving due to “creative differences.” Neither the partners nor Diamond would give the precise reasons for the exec’s departure, although they are understood to […]

  • Johnny Depp

    Johnny Depp Settles Feud With Former Managers

    Daniel Diamond, president of international distribution and marketing at Franchise Pictures, is exiting his post at the nascent indie company. According to Franchise co-chairmen Elie Samaha and Ashok Amritraj, Diamond is leaving due to “creative differences.” Neither the partners nor Diamond would give the precise reasons for the exec’s departure, although they are understood to […]

  • Ed Sheeran Shape of You

    Ed Sheeran Tops Pollstar’s Mid-Year Touring Charts as Industry Soars to Record Gross

    Daniel Diamond, president of international distribution and marketing at Franchise Pictures, is exiting his post at the nascent indie company. According to Franchise co-chairmen Elie Samaha and Ashok Amritraj, Diamond is leaving due to “creative differences.” Neither the partners nor Diamond would give the precise reasons for the exec’s departure, although they are understood to […]

  • Lantern Capitol

    Weinstein Co. Closes $289 Million Sale to Lantern Capital

    Daniel Diamond, president of international distribution and marketing at Franchise Pictures, is exiting his post at the nascent indie company. According to Franchise co-chairmen Elie Samaha and Ashok Amritraj, Diamond is leaving due to “creative differences.” Neither the partners nor Diamond would give the precise reasons for the exec’s departure, although they are understood to […]

  • BMG to Relaunch ‘Live from Daryl’s

    ‘Live from Daryl’s House’ to Relaunch in the Fall Via BMG Partnership (EXCLUSIVE)

    Daniel Diamond, president of international distribution and marketing at Franchise Pictures, is exiting his post at the nascent indie company. According to Franchise co-chairmen Elie Samaha and Ashok Amritraj, Diamond is leaving due to “creative differences.” Neither the partners nor Diamond would give the precise reasons for the exec’s departure, although they are understood to […]

  • STX Targeting August IPO in Hong

    STX Targeting August IPO in Hong Kong (Report)

    Daniel Diamond, president of international distribution and marketing at Franchise Pictures, is exiting his post at the nascent indie company. According to Franchise co-chairmen Elie Samaha and Ashok Amritraj, Diamond is leaving due to “creative differences.” Neither the partners nor Diamond would give the precise reasons for the exec’s departure, although they are understood to […]

More From Our Brands

Access exclusive content