LONDON — Following the postponement of its flagship project “Confessions of a Dangerous Mind,” Renaissance Films has axed its head of sales Bill Stephens and its senior sales exec Charlie Bloye.
Renaissance is understood to be cutting four or five jobs from its sales arm, as the London-based production and sales company battens down the hatches to weather the threatened Hollywood strikes.
Co-managing director Angus Finney will now take direct charge of sales activities. His partner Stephen Evans will continue to spearhead development and production.
“Confessions of a Dangerous Mind,” a $35 million project to be directed by Bryan Singer, was unable to complete its financing quickly enough to finish shooting by the end of June, the likely start date for the Screen Actors Guild strike.
That has left Renaissance with little new product to sell. The company had already put several smaller British projects into turnaround late last year, including “Dr. Sleep” and “Personal Shopping,” in order to focus on larger Hollywood films, starting with the Bryan Singer pic.
Upcoming projects include Terry Gilliam’s “Good Omens” and Nick Hytner’s “Los Alamos,” but neither will be ready to shoot until after the possible strikes.
Stephens, formerly at FilmFour, and Bloye, previously at Rank Film Distributors, were both key parts of the management team which relaunched Renaissance two years ago with $40 million of equity from pension fund manager Hermes.