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C-2 finds coin for sequels

Intermedia to co-fund Stone, Schwarzenegger sequels

LONDON — Mario Kassar and Andy Vanja’s C-2 Pictures has entered into a multiyear, first-look co-production and financing deal with Intermedia.

At a luncheon in central London on Wednesday, reps for Intermedia and C-2 announced that the companies will co-finance the sequels to “The Terminator” and “Basic Instinct.”

Like the earlier installments, “Terminator 3” and “Basic Instinct 2” will star Arnold Schwarzenegger and Sharon Stone, respectively (Daily Variety, June 22 and 23). Pics will be produced by Kassar and Vajna; Intermedia’s Guy East, Nigel Sinclair and Moritz Borman will serve as executive producers.

Stateside ‘Instinct’

While no domestic distributor is in place for “Terminator 3,” MGM has committed to release “Basic Instinct 2” in North America, while Intermedia and C-2 will handle international marketing and distribution.

“Terminator 3” lensing will begin in late spring and is already slated as a summer 2002 event film. “Basic Instinct 2” will start shooting in mid-February, but no release date has been set.

“We are thrilled to be teamed with Moritz, Nigel and Guy at Intermedia,” said C-2’s co-chairmen Kassar and Vajna in a joint statement. “We look forward to doing together what we have always done best — bringing big, top-quality movies to the global audience.”

Intermedia co-chairmen Borman, Sinclair and East said: “This exciting combination of talents, highlighted by Arnold Schwarzenegger and Sharon Stone, will create motion pictures that will seduce and thrill audiences around the world.”

Japanese distrib Toho Towa and German conglom VCL helped finance the development of the script for “Terminator 3,” which was penned by Tedi Sarafian (“Solar Crisis”). Companies will distribute the pic in their respective territories; VCL will own all German rights to “Terminator 3.”

From a script by Henry Bean (“Internal Affairs”) and Leora Barish (“Desperately Seeking Susan”), “Basic Instinct 2” further unveils the story of savvy and seductive Catherine Tramell, a mystery novelist with a proclivity for intrigue.

Carolco veterans

Based in Santa Monica, C-2 was founded by former Carolco Pictures principals Kassar and Vajna, whose credits include the “Rambo” series, “Total Recall,” “Basic Instinct,” “Terminator 2: Judgment Day” and “Evita.”

Intermedia, flush with cash from a recent flotation on the Frankfurt Neuer Markt, has offices in London, Los Angeles and Munich. Parent company is IM Internationalmedia. Forthcoming titles include “The Quiet American,” to star Michael Caine and Brendan Fraser; “The Wedding Planner,” with Jennifer Lopez and Matthew McConaughey; and “Enigma,” to star Kate Winslet, Jeremy Northam and Dougray Scott.

Skip Brittenham and Alan Levine of Ziffren, Brittenham, Branca & Fischer, and David Weil of O’Melveny & Meyers repped C-2 on its end of the pact; Shuyler Moore of Stroock & Stroock & Lavan repped Intermedia.