×
You will be redirected back to your article in seconds

Palomar lands funding for pic trio

Grosvenor Park to back two remakes, Stephen King adaptation

In a major indie financing deal, Joni Sighvattson’s Palomar Pictures (“Killer Elite,” “Brothers”) has launched a partnership with Grosvenor Park on a package of three films — a pair of remakes and a Stephen King adaptation.

The companies jointly announced the alliance Monday at the American Film Market, under which Grosvenor Park will finance Palomar’s upcoming productions of “Joseph and the Girl,” “Elliot” and “Rose Madder.” All three pics are targeted to go into production within 18 months.

Palomar is the first producer to sign on with Grosvenor Park since the latter announced plans during the Toronto Intl. Film Festival to resume financing films after a three-year absence. Grosvenor Park’s aiming to provide a “one-stop shop” financing solution for independent films in the mid-range budget level via senior, gap and tax lending.

The first Palomar film to go before the cameras will be “Joseph and the Girl,” a remake of a 2010 French heist thriller. The film will be directed by Gary McKendry and co-written with his writing partner Matt Sherring, the creative team behind “Killer Elite.”

“Joseph” will start principal photography in March. Sighvatsson is in advanced negotiations with major actors for the lead roles.

The original “Joseph” centers on a man getting out of jail where robberies got him locked up for 20 years. He goes to live in the house of his ex-cellmate who died in prison and left behind his daughter, who’s a swindler.

“Elliot” is a remake of the 2001 Norwegian film “Elling” with a script by Jay Roach, Larry Stuckey and Tom McCarthy. Sighvatsson will produce with Jay Roach and Kevin Spacey while Jennifer Perini at Roach’s Everyman Pictures will exec produce.

The original “Elling” was based on Ingvar Ambjornsen’s novel “Blood Brothers” about a man in his 40s and his struggle to function normally in society.

“Rose Madder,” based on King’s 1995 fantasy novel, has been adapted by Naomi Sheridan (“In America”). That story’s based on a woman who’s on the run from her abusive husband and is able to travel into a painting.

Sighvatsson is finalizing partnership arrangements with domestic and international distribs.

“Joni’s history the past two decades consistently producing high-quality films with fiscal discipline, and his knowledge and understanding of our changing marketplace, is the reason that Grosvenor Park is entering into this long term relationship,” said Grosvenor Park partner Don Starr.

Sighvatsson said the pics will be “high-quality mainstream pictures” and use a simpler method of financing larger budget independent projects instead of the traditional financial model normally used.

Grosvenor Park has arranged financing for more than 400 projects since 1982, including “The Hurt Locker,” “Righteous Kill,” “PS I Love You” and “Deja Vu.”

More Film

  • Inside Goop's Wellness Summit With Gwyneth

    Gwyneth Paltrow's Goop Summit Proves Hollywood Retirement Is Working for Her

    Across the country on Saturday, movie theaters sold over $12 million in tickets to “Avengers: Endgame,” helping it amass $771 million in the U.S. since its release in April. On the same day, in a stunning urban greenhouse complex in DTLA, the film’s supporting star Gwyneth Paltrow counted tickets of her own — pricey, perk-loaded [...]

  • Johnny Depp

    Johnny Depp's Ex-Lawyers Claim He Owes $350,000

    Johnny Depp was hit with a $350,000 lawsuit on Monday from a law firm that claims he has not paid his bills. Depp retained Buckley LLP in the fall of 2017 to sue his former entertainment law firm, Bloom Hergott LLP, which he accused of pocketing $30 million in fees without a written agreement. Three [...]

  • Keanu Reeves stars as 'John Wick'

    'John Wick 4' Confirmed With a 2021 Release Date

    John Wick will be back in exactly two years and a day. Lionsgate announced Monday that it has scheduled “John Wick 4” for May 21, 2021. The studio made the announcement via a text message to fans: “You have served. You will be of service. John Wick: Chapter 4 is coming – May 21, 2021.” [...]

  • Krysanne Katsoolis Sets Up Viewpark With

    Krysanne Katsoolis Sets Up Viewpark With $200 Million Fund

    Veteran film industry executive Krysanne Katsoolis has launched Viewpark, which will finance, package and release high-end film and TV content. Viewpark has partnered with former Wall Street executive Keith Price’s Obsidian Asset Management to create a multi-million dollar fund for the production and marketing of its slate, Katsoolis told Variety. Obsidian, based in London and [...]

  • Elle FanningChopard Trophee dinner, 72nd Cannes

    Elle Fanning Faints at Cannes Dinner Party

    Elle Fanning, a member of this year’s Cannes jury, had a brief scare Monday night when she fainted at the Chopard Trophee dinner. Festival director Thierry Fremaux had just introduced actor Francois Civil onstage when Fanning, star of “The Beguiled” and “Maleficent,” collapsed and fell off her chair nearby. Fanning was sitting at a table [...]

  • 'Frankie' Review: Ira Sachs' American Version

    Cannes Film Review: 'Frankie'

    As a filmmaker, Ira Sachs, the director of “Love Is Strange,” “Little Men,” and (his masterpiece) “Keep the Lights On,” is like a flower that keeps sprouting new tendrils, growing ever more beautiful and complicated and delicate. His new movie, “Frankie,” may the closest that anyone has come to making an American version of an [...]

More From Our Brands

Access exclusive content