Intermedia Films is in final negotiations to strike a two-year, first-look deal with Nicolas Cage’s Saturn Pictures, adding to an array of similar pacts the company has made following its IPO in Germany in May.
Cage’s deal had been at the Walt Disney Co.
Under the new pact, Cage and Saturn veep of creative affairs Norm Golightly will produce approximately two pics a year. Intermedia will handle worldwide distribution and exec produce all of Saturn’s Intermedia films. Intermedia will also provide overhead, which includes a yearly discretionary fund.
Intermedia will own the negative of all pics Cage produces via Intermedia.
“Intermedia has not lost sight of their desire to make quality films despite their substantial financial resources,” said Cage, who is in Hawaii shooting the John Woo-helmed “Windtalkers.” “They are very talent-friendly, and Norm and I are very excited about developing and packaging a wide range of material in conjunction with them.”
Added Intermedia co-chairman Nigel Sinclair: “Nicolas is an enormously talented actor whose career has spanned the spectrum — from David Lynch’s indie road movie ‘Wild at Heart’ to ‘Leaving Las Vegas,’ to huge mainstream blockbusters such as ‘The Rock.’ We feel fortunate to be able to participate in building Saturn as a great production company and we look forward to being in business with Nicholas and Norm for many, many years.”
Intermedia recently named veteran Disney exec Jere Hausfater to head acquisitions and distribution for its motion-pictures division. It has also struck a first-look deal with Kate Winslet’s Telltale Films and is in advanced talks with producer Mark Johnson to join the Intermedia fold. Company also has a deal with Sydney Pollack’s Mirage Entertainment.
Intermedia’s parent company, IM Internationalmedia (which is listed on Frankfurt’s Neuer Markt), was formed through the merger of Sinclair and Guy East’s Intermedia with the L.A.-based, IMF-backed financing and production shingle Pacifica. The company’s stock prices were down slightly late Wednesday at Euro 39.50.
Intermedia has either produced, financed or distributed such pics as “Sliding Doors,” “Small Time Crooks,” “Hilary and Jackie” and “Where the Money Is.” Forthcoming titles include USA Films’ “Nurse Betty” and Sony’s “The Wedding Planner.”
CAA brokered Saturn’s deal.
(Dana Harris in Los Angeles contributed to this report.)