Magellan musters movie moola

Fund allows production of four pics a year

CANNES — Magellan Filmed Entertainment, which is developing “Catch Me If You Can” at DreamWorks, is negotiating mid-seven-figure financing for its 2001 film slate with California investment banker Richard Alan Ladd.

That fund, plus cash from other investors and distributors, will allow Magellan to produce four $2 million-$10 million pics a year.

First up is the comedy “The Pleasure of Your Company,” which was written and will be directed by Michael Ian Black (NBC’s “Ed,” “The State”). Pic is about a couple who fall in love despite their dysfunctional families. Michael Garrity, Marc Fusco and Mike Gabrawy produce.

Next is the thriller “First You Dream, Then You Die,” written by “Once Upon a Time in America” scribes Franco Ferrini and Enrico Medioli with Francisco Lucente. Pic is based on real allegations that tied pulp scribe Cornell Woolrich — whose short story was adapted to become Alfred Hitchcock’s “Rear Window” — to a series of grisly serial killings in New York during the 1930s. Set for a late-summer start, the project will be financed by equity investment, foreign subsidies and pre-sales. Magellan principals Tony Romano and Michel Shane produce.

Romancing ‘Stones’

They will also produce the romance “Five Stones,” with partner Progressive Pop and co-producer Ellen Endo-Dizon. Written and to be directed by Jeffrey Kramer, a co-exec producer of “Ally McBeal,” pic is set in Hawaii during World War II. While no distribution deals are in place, Magellan has a multipic option with Franchise Pictures for foreign representation.

Magellan’s first film, “Rennie’s Landing,” directed by Fusco and written by Fusco and Garrity, stars Peter Facinelli, Ethan Embry and Scott Foley. Foreign rights are being sold by Franchise, with Jim Steele repping domestic rights. Film’s world preem is June 15 at the Seattle Film Festival.

Magellan’s “Catch Me If You Can,” is based on con man Frank Abagnale’s autobiography; Leonardo DiCaprio is attached for the title role.

Formed by Shane and Romano, Magellan was acquired by Seattle financiers Pat Charles, now Magellan’s CEO, and partner Terry Piken.

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