PalmStar Media

Last updated

PalmStar Media Capital is a film financing company based in Philadelphia. It was founded by its CEO, Kevin Frakes in 2010. [1]

Contents

History

PalmStar Entertainment was co-founded in 2004 by Kevin Frakes and Stephan Paternot. In 2010, Frakes co-founded PalmStar Media Capital with Peggy Taylor [2] and Frank Pollifrone to focus on financing films. [3] In July 2017, PalmStar Media purchased all the assets of National Lampoon, Inc., including trademark and library of print, audio, movie, and video content. [4]

In 2014, PalmStar filed a breach of contract lawsuit against Zero Gravity Management over the casting of Ben Affleck in The Accountant , alleging that it shut PalmStar out of the production against a co-production agreement. [5] [6]

The Alchemist

In 2016, PalmStar purchased the film rights of the Paulo Coelho novel The Alchemist for $6.5 million. [7] Initially, shooting was to begin in September 2021, [8] but in July 2021, The Hollywood Reporter announced that the movie adaptation had fallen apart. [9] Legend Entertainment has acquired the TV, film and ancillary rights to the novel in October 2023 and intends to develop the film with Sony and PalmStar. [10]

Collaboration deals

In October 2014, PalmStar signed on a multi-year financing deal with Basil Iwanyk's Thunder Road Pictures, and according to this agreement, Thunder Road would get $200 million funds from PalmStar. [11] Thunder Road would use it to fully finance and produce five to six independent films from $20 to $50 million budget range per year. [11]

In February 2015, PalmStar signed on a deal with Dylan Sellers' Rivers Edge Films to handle all company's production and development costs, and together, PalmStar would finance four to five films for Rivers Edge with budgets between $20 million to $40 million. [12] In August 2015, PalmStar signed a deal with Jeremy Renner and Don Handfield's production company The Combine to finance two to three films per year. [1]

PalmStar has also partnered with Anthony Bregman's Likely Story and Buddy Patrick's Windy Hill Pictures. [1]

Related Research Articles

<span class="mw-page-title-main">David S. Goyer</span> American filmmaker, novelist, and comic book writer

David Samuel Goyer is an American filmmaker, novelist and comic book writer. He is best known for writing the screenplays for several superhero films, including Nick Fury: Agent of S.H.I.E.L.D. (1998), the Blade trilogy (1998–2004), Christopher Nolan's Dark Knight trilogy (2005–2012), Man of Steel (2013) and Batman v Superman: Dawn of Justice (2016). He has also directed four films: Zig Zag (2002), Blade: Trinity (2004), The Invisible (2007) and The Unborn (2009). He is the creator of the science fiction television series Foundation which is loosely based upon the Foundation series written by Isaac Asimov.

<span class="mw-page-title-main">Davis Entertainment</span> American film production company

Davis Entertainment is an American independent film and television production company, founded by John Davis in 1984.

<span class="mw-page-title-main">Justin Lin</span> Taiwanese-American filmmaker (born 1971)

Justin Lin is a Taiwanese-American film and television director, producer, and screenwriter. His films have grossed over $3 billion USD worldwide as of March 2017. He is best known for his directorial work on Better Luck Tomorrow (2002), the Fast & Furious franchise from The Fast and the Furious: Tokyo Drift (2006) to Fast & Furious 6 (2013) and F9 (2021), and Star Trek Beyond (2016). He is also known for his work on television programs like Community, and the second season of True Detective.

<span class="mw-page-title-main">Matt Reeves</span> American filmmaker (born 1966)

Matt Reeves is an American filmmaker who first gained recognition for the WB drama series Felicity (1998–2002), which he co-created with J. J. Abrams. Reeves came to widespread attention for directing the hit monster film Cloverfield (2008). He also directed the vampire drama Let Me In (2010), and the critically acclaimed science fiction sequels Dawn of the Planet of the Apes (2014) and War for the Planet of the Apes (2017). He directed the superhero film The Batman (2022), which stars Robert Pattinson as the title character.

<span class="mw-page-title-main">Jonathan W. Stokes</span> American film producer

Jonathan Witte Stokes is a film director, screenwriter, and producer. He is also an entrepreneur who created ValueWiki which was acquired by Wikia in 2010.

Skydance Media, LLC is an American production company based in Santa Monica, California. Founded by David Ellison in 2006, the company entered a five-year partnership to co-produce and co-finance films with Paramount Pictures starting in 2009, and renewed the agreement twice extending to 2021. The company specializes in films, animation, television, video games, and sports.

Open Road Films, LLC is an American film production and distribution company based in Los Angeles, California. It was founded by Tom Ortenberg on March 26, 2011, as a joint venture between the two largest American theatrical exhibitors, AMC Theatres and Regal Entertainment Group, which both owned the company until it was bought out by Tang Media Partners, a media company owned by Donald Tang, in August 2017.

Alchemy was an American independent global film distributor based in Los Angeles, California. The company acquired and distributed feature films, television series and specialty programming.

Worldview Entertainment was an American motion picture finance and production company focused on theatrical-quality feature films for worldwide distribution. The company produced 23 films, including Fox Searchlight ’s critically acclaimed hit Birdman, which was nominated for nine Academy Awards, won four Oscars, including Best Picture, and grossed more than $103 million in global box office revenue.

<i>Live by Night</i> (film) 2016 film by Ben Affleck

Live by Night is a 2016 American crime drama film written, directed, produced by and starring Ben Affleck. Based on the 2012 novel of the same name by Dennis Lehane, the film follows an ambitious Ybor City bootlegger (Affleck) who becomes a notorious gangster. The film also stars Elle Fanning, Brendan Gleeson, Chris Messina, Sienna Miller, Zoe Saldaña, and Chris Cooper.

<i>The Accountant</i> (2016 film) 2016 US action-thriller film by Gavin OConnor

The Accountant is a 2016 American action thriller film directed by Gavin O'Connor, written by Bill Dubuque and starring Ben Affleck, Anna Kendrick, J. K. Simmons, Jon Bernthal, Cynthia Addai-Robinson, Jeffrey Tambor, and John Lithgow. The storyline follows Christian Wolff, a certified public accountant with autism who makes his living uncooking the books of criminal and terrorist organizations around the world that are experiencing internal embezzlement.

William Hunt Block is an American film producer who served as CEO of Miramax from April 2017 to October 2023. His producing credits include W. (2008), District 9 (2009), Fury (2014), Bad Moms (2016), Dirty Grandpa (2016), Halloween (2018), and Halloween Kills (2021).

Anonymous Content (AC) is an independent global entertainment company founded in 1999 by CEO Steve Golin, Dave Morrison and Gore Verbinski. It is based in Los Angeles with offices in Culver City, New York City and London.

Thunder Road Films is a film and television financing and production company founded by Basil Iwanyk. It is based in Santa Monica, California.

<span class="mw-page-title-main">Chris Columbus's unrealized projects</span>

The following is a list of unproduced Chris Columbus projects in roughly chronological order. During his long career, American film director Chris Columbus has worked on a number of projects which never progressed beyond the pre-production stage under his direction. Some of these projects, are officially scrapped or linger in "development hell."

<span class="mw-page-title-main">Sunday Night Productions</span> American film and television production company

Sunday Night Productions is an American film and television production company founded by John Krasinski and Allyson Seeger in 2013. It has produced the television series Lip Sync Battle, Dream Corp LLC, and Jack Ryan, the YouTube streaming news show Some Good News (2020), and the films Brief Interviews with Hideous Men (2009), Promised Land (2012), The Hollars (2016), and A Quiet Place Part II (2020).

Solstice Studios is a Los Angeles–based entertainment company, founded on October 2, 2018. The studio developed, fully financed, produced, sold internationally and distributed feature films in the United States on a wide-release basis.

<span class="mw-page-title-main">Westbrook (company)</span> American entertainment company

Westbrook Inc. is an American multimedia and entertainment venture company founded by actor Will Smith and his wife, actress Jada Pinkett Smith. The company was founded in 2019, in order to execute the Smith Family's global content. It is headquartered in Calabasas, California, with 80 employees as of March 2021.

References

  1. 1 2 3 Siegel, Tatiana (August 31, 2015). "Jeremy Renner Inks Multi-Year Producing Deal With PalmStar Media (Exclusive)". The Hollywood Reporter . Retrieved February 5, 2016.
  2. "Kevin Frakes - Producer". Focus Features. Retrieved February 5, 2016.
  3. McNary, Dave (June 1, 2010). "Zellweger ready for 'Pillage'". Variety .
  4. Fleming, Mike Jr (July 24, 2017). "PalmStar Media Closes Near $12M National Lampoon Deal; Can Laugh Brand Regain Luster?". Deadline Hollywood . Retrieved July 25, 2017.
  5. Gardner, Eriq (2014). "Ben Affleck at Center of Legal War". The Hollywood Reporter . Retrieved July 25, 2017.
  6. Reynolds, Matt (October 10, 2014). "Angel Sues Over Affleck's 'Accountant' Movie". Courthouse News Service.
  7. Fleming, Mike Jr. (2016). "PalmStar Media Commits $6.5M for Paulo Coehlo Novel The Alchemist". Deadline Hollywood . Retrieved September 12, 2016.
  8. Fleming, Mike Jr. (2021). "Paulo Coehlo's The Alchemist Gets September Start Date". Deadline . Retrieved July 25, 2017.
  9. Galuppo, Mia (July 8, 2021). "Alchemist Falls Apart Again". The Hollywood Reporter . Retrieved August 12, 2023.
  10. D'Alessandro, Anthony (2023-10-03). "Legendary Takes Rights On 'The Alchemist' & Will Lead Development Of Pic With TriStar & PalmStar; Jack Thorne To Adapt". Deadline. Retrieved 2023-10-11.
  11. 1 2 McNary, Dave (October 22, 2014). "PalmStar Media, Basil Iwanyk's Thunder Road Set $200 Million in Annual Financing Deal". Variety . Retrieved February 5, 2016.
  12. Fleming, Mike Jr (February 20, 2015). "Dylan Sellers Sets Rivers Edge Films Shingle With PalmStar Media Backing". Deadline Hollywood . Retrieved February 5, 2016.