STX Places Chris Pine & Ben Foster Movie ‘The Contractor’ In Bankruptcy – CB
As STX appears to untangle itself from earlier firm Eros and segue to its new finance companion Najafi Firms, the Robert Simonds studio has put its Chris Pine-Ben Foster thriller, The Contractor, in Chapter 11 chapter. Showtime and Paramount Footage House Leisure, as CB first informed you, acquired U.S. distribution rights to the Tarik Saleh-directed motion…
As STX appears to untangle itself from earlier firm Eros and segue to its new finance companion Najafi Firms, the Robert Simonds studio has put its Chris Pine-Ben Foster thriller, The Contractor, in Chapter 11 chapter.
Showtime and Paramount Footage House Leisure, as CB first informed you, acquired U.S. distribution rights to the Tarik Saleh-directed motion film, which might be launched later this yr. Just like Queenpins, which STX bought to Paramount+ and Showtime for $20M, the deal on The Contractor will see the pic launched in a restricted variety of theaters by Paramount with a simultaneous PVOD launch throughout platforms.
So what’s happening right here?
“Migration is the entity that now owns the worldwide distribution rights in The Contractor,” the rep added. “We decided that it was essential to hunt chapter aid to guard the worth of that entity for all of our stakeholders.”
The brand new SEC Eros submitting says that the Dec. 6 settlement that STX made with Najai Firms was amended on March 15. Najafi now has 85% of STX and 100% of its voting curiosity. Eros STX International Corp. nonetheless has 15% of non-voting shares. The SEC submitting reads that the acquisition value and excellent debt to be round $157M on the time of closing.
Pine stars in The Contractor as Particular Forces Sgt. James Harper, who’s involuntarily discharged from the Military and minimize off from his pension. In debt, out of choices and determined to offer for his household, Harper contracts with a non-public underground army power. When the very first project goes awry, the elite soldier finds himself caught in a harmful conspiracy and on the run for his life.
Gillian Jacobs, Kiefer Sutherland, Eddie Marsan, Fares Fares, Nina Hoss, and Amira Casar additionally star within the J.P. Davis-penned film.
Thunder Street Movie’s Basil Iwanyk and Erica Lee (John Wick franchise, Greenland) produced with 30West having absolutely financed the movie. 30West’s Dan Friedkin, Micah Inexperienced, and Dan Steinman are government producing together with Pine, Jonathan Fuhrman, Tom Lassally, and Josh Bratman. Esther Hornstein of Thunder Street Movies is government producing.
