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Saturn catching ‘Dog’

Ex-Most Wanted criminal penned Magellan script

Nicolas Cage’s Saturn Films will produce “Dog Eat Dog” for Magellan Filmed Entertainment.

“Dog” is a dark story of three committed criminals who decide to target the group least likely to call the cops: other crooks. Screenplay was penned by ex-con Edward Bunker (“Animal Factory”) and Steve Anderson (“South Central”) from Bunker’s autobiographical novel.

Bunker, who spent 17 years behind bars for bank robbery and is a former member of the FBI’s 10 Most Wanted List, is doing a polish on the script before CAA takes the project out to talent and directors.

Financing of the pic will depend on its attachments. As a lower-budgeted film, it could go through the mid-seven-figure financing deal that Magellan, based in Los Angeles and Seattle, is negotiating with California investment banker Richard Alan Ladd. Fund, plus cash from other investors and distribs, will allow Magellan to produce four $2 million-$10 million pics a year.

Saturn is based at Intermedia Films, where it has a first-look deal. Company most recently produced “Shadow of the Vampire,” which was released by Lions Gate Films.

Pic will be produced by Magellan’s Tony Romano and Michel Shane along with Saturn prexy Norm Golightly.

Magellan, which is also developing “Catch Me If You Can” at DreamWorks with Leonardo DiCaprio eyeing the lead, recently produced “Rennie’s Landing,” which stars Peter Facinelli and Scott Foley. Foreign rights are repped by Franchise, with Jim Steele repping domestic rights.

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