Extremal Film Partners founders Aleck Grishkevich and Arthur de Vany have joined forces with ex-William Morris agent and producer Gary Pearl and entertainment attorney Schuyler Moore to set up a new finance outfit to back pics.
The company, which will operate under the banner Extremal, will look to finance 10 to 15 pics per year with individual budget ranges of up to $75 million.
Pearl, whom Extremal has brought on to serve as company prexy, will be primarily responsible for building strategic relationships and identifying viable projects, either single titles or slates, for investment.
He will be in Toronto this week launching the initiative to buyers, filmmakers and sales companies.
Moore, a longtime proponent of box financing, will serve as a consultant and will work directly with financial partners of the company.
“We believe our model and investment in films will help support and grow the independent film sector and will reinforce film financiers, independent distributors, sales companies and filmmakers with a stronger positioning at the bargaining table during U.S. sales,” said Pearl. “It will also increase take prices in the international sales arena, and enable interested foreign distributors and financiers to partner in the U.S. distribution process.”
Grishkevich added that Wall Street has already displayed “strong confidence and quickly committed $500 million” to the company’s financing model.
Former agent Pearl has packaged more than 30 films and TV properties and represented writers and directors, and is a former veep of production at Paramount Pictures-based Cort Madden Prods., where he was involved as an exec developing “Save the Last Dance.”
Moore is a lawyer at Stroock & Stroock & Lavan where he represents a variety of industryites including producers, distribs, financiers and sales agents.