“Exclusive Media’s management is engaged in collaborative discussions with our partners from Dasym Investment Strategies regarding the forward plan for the company. We will make an announcement regarding the outcome of these discussions at the appropriate time,” said Sinclair in a statement.
Sources close to the company say that all will be business as usual during the European Film market in Berlin, that the Whitey Bulger picture “Black Mass” is back on track again, with Johnny Depp on board. The picture headed off the rails in mid-2013 when Depp reportedly pulled out.
Other pictures the company is selling titles in Berlin include “Dark Places,” starring Charlize Theron and Nicholas Hoult; Keanu Reeves-Rachel McAdams sci-fi pic “Passengers”; and “The Woman In Black: Angel of Death.”
Reasons for the rupture appear connected to a dispute that flared up in the past 10 days between East and Sinclair and Frank Botman, chairman and founder of Dutch funds group Dasym (formerly Cyrte), which is Exclusive’s majority owner.
Botman, best-known as the dealmaker who invested billions of dollars on behalf of Endemol founder John de Mol, is understood to have been unhappy with losses sustained in North America by the Formula One motor racing film “Rush,” directed by Ron Howard.
Meetings between Dasym and East are expected to continue next week and focus on how East and Sinclair, who are minority owners of Exclusive, will move on. An ongoing producer deal is one possibility.
Exclusive was built around Spitfire Pictures, a sales company that Sinclair and East founded and which was later merged with the Dasym-controlled British horror label Hammer.
Exclusive and Dasym are investors in English-language Chinese project “Skiptrace,” an action adventure pic starring Jackie Chan, Seann William Scott and Fan Bingbing. Dasym is separately set to invest in other Chinese projects including the planned WWII aerial actioner “Flying Tigers” to be directed by John Woo.