Adam Driver, Daisy Ridley, Guy Ritchie films in limbo after STX distribution ends – Deadline

demise STX As a distributor who continues to ask questions about the future of the high-profile films on their roster, including Guy Ritchieaction movie Operation FortuneAnd the Michael MannBig Budget CV FerrariAnd the Daisy Ridley excitement Daughter of the Marsh King.

We’ve been hearing for months about a deal in the making between bad mothers And the crooks outfit and Lionsgatewhich will see the latter take some, if not all, of the STX films for distribution.

This continues to be a trend of travel and several STX executives have moved to Lionsgate, including former STX President Adam Fogelson who is now Vice President of Lionsgate Motion Picture Group.

We understand that more will follow in the coming weeks, leaving quite a few employees on STX’s local marketing and distribution team.

If Lionsgate wants to take possession of more films, it stands to reason that it should increase its staff. Vogelson will want his “buddies.” However, it remains to be seen how the two overlap culturally and practically. And with a deal yet to be struck between studios – we hear there should be some clarity by the end of the year – some films have fallen into oblivion.

Nothing more comedy than Guy Ritchie and Jason Statham Operation Fortune: Rosa de Guerre, which has been ready for some time. We understand that the movie is now likely headed to a local streamer company. We understand that there was a back and forth between MiramaxAnd Lionsgate and STX are about the local release of the movie, with neither Miramax nor STX keen to be on the hook for a big P&A. Theatrical release was initially the plan via STX but the company could not meet that commitment after its downsizing. Lionsgate at one point showed their readiness to release the movie – a January rollout came out once but this would have countered Gerard Butler’s motion picture airplane (which we hear solid). We hear that Miramax is finally seeking a high dollar flow deal in the US.

The film’s international distributors – who played a major role in obtaining funding for the film – were patiently waiting for the film to be directed. We understand that they are tired of waiting and will start releasing from January, even if that means going ahead with the local release.

It was not easy to sail Operation Fortunewhich already had to change its name from five eyes – The name of a Western intelligence organization – due to concerns about how this could happen in China. Then the plot of a plot involving Ukrainian gangsters became a minor concern after the Russian invasion. We’re sure this was a minor sticking point and no readjustment was needed, despite press reports to the contrary.

Another forgotten movie is Daughter of the Marsh KingStarring Daisy Ridley, Ben Mendelsohn, and Garrett Hedlund. The exciting Neil Burger movie is over and discussions are now underway on how to release it. The movie isn’t guaranteed to go through Lionsgate, so alternatives are being explored.

The most famous movie on the STX list is Michael Mann FerrariStarring Adam Driver, Penelope Cruz, Shailene Woodley. Wrap up your big-budget resume this month. Mann spent decades getting the film into production only to see his film’s distribution partner disintegrate in the process.

The Big Canvas Project, with a budget in the $90 million range, has always aimed to get a big stage show. The current expectation among participants is that Lionsgate will take the film, and offer its deal with STX. Big Michael Mann movies don’t grow on trees after all. But nothing is engraved in stone. If for any reason Lionsgate decides not to release the film theatrically, we understand that Mann and fellow producer PJ van Sandwijk have the right to seek a local theater partner elsewhere.

Meanwhile, Black Bear International, run by former STX International President John Friedberg, continues to handle international sales of these films and a few other STX films. The above titles have been largely sold internationally.

The sequel to Gerard Butler Greenland 2 It is another movie that would have been released by STX. Currently in pre-production, STX had discussions during AFM last week with producer financier Anton about the next steps for mobilizing the project.

None of these little films. They all come with huge budgets and therefore healthy marketing requirements.

There are a lot of moving parts here. Lionsgate, which is set to ramp up its slate next year with films including John Wick 4And the hunger Games prefix Song of songbirds and snakes And Eli Roth’s big budget Borderlands Film, which simultaneously explores subsidiary sales not only of Starz but also of its studio business, which includes film and television operations.

As for STX, many of its problems stemmed from the disastrous 2020 merger between the company and Indian studio Eros, a move that seemed doomed from the start due to different business cultures and ambitions. The deal had to be scrapped, and eventually, a consortium of investors led by Phoenix-based Najaf companies stepped in for about $155 million to acquire most of STX’s assets. Covid certainly didn’t help the distributor, but it also didn’t do it too heavily.

For STX, the process was challenging in terms of reputation as well as financially. Putting multiple movies into bankruptcy (including Chris Pine’s thriller UndertakerIt was a toxic move that got noses out of knuckles across town and led to legal action. STX will probably say they had to take this step to ensure everyone got their money, which they did in our understanding. Disclaimer of Distribution Obligations – as in the case of Operation Fortune I may also take the nose out of the joint.

However, losing a prolific and high-profile distributor financier was not an outcome that anyone wanted. The independent scene is the poorest for her. As one financier told us: “This was an implementation failure, not a failure in the business model. We wanted STX to work. The business needs STXs.”

With so much of the original business and staff at STX now gone, the question arises of exactly what Najafi has invested in, and how prepared the city is to get back in business with the new iteration.

STX 2.0, overseen by Bob Simonds and Noah Fogelson, is expected to operate primarily as a production entity, working on 12-15 films per year, some made for theatre, some hybrid, and some straight to streaming. We hear the production hub saves the company over $30 million in marketing and distribution expenses.

It looks like the movie slate will come into focus next year. We understand that Netflix’s Pete Davidson Ramones movie – of which STX is a producer – is gearing up to start early next year. This is Dave Bautista Star My Spy 2which has Amazon on board for homes.

There is hope that Kevin Hart will be a Netflix movie night Wolf It will happen in 2023 and Will Smith fast and loose At Netflix it is also understood as a priority project. If all this comes true, this will be a good result.

Quietly, the company is also having success on the TV side with projects from them Fboy Island On HBO and SyFy’s Astrid and Lily Save the World

STX, Lionsgate and Miramax declined to comment on this piece.

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