December 7th, 2005 (Hollywood, CA) Bret Easton Ellis’ new international best-seller LUNAR PARK has been optioned by PalmStar Entertainment, an independent production company based in New York and Los Angeles.

In Lunar Park, Ellis spins a story of his own contentious and haunted real life, is the author’s latest novel to receive rave reviews around the world and is listed as the New York Times’ 100 Most Notable Books of the Year. Author to bestsellers Less Than Zero, The Rules of Attraction, American Psycho and Glamorama, Lunar Park will be the fifth of Ellis’ novels to be adapted to film. Ellis’ first book, Less Than Zero (1987) was filmed for Fox, American Psycho (2000) and The Rules of Attraction (2002) were released by Lions Gate Entertainment and Glamorama in development.

Less Than Zero established Ellis reputation as one of publishing’s brashest young writers, but it was American Psycho that earned him the term “controversial” and shot him to literary stardom. From the moment it was published by Knopf in 1998, the book attracted condemnation from womens’s groups and religious conservatives. The film version had a rocky start, with various directors and stars attached as the publicity increased over the book. Ultimately green-lit by Lions Gate, American Psycho was directed by Mary Harron and produced by Ed Pressman and starred Christian Bale, Chloe Sevingny, Reese Witherspoon, Jared Leto and Willem Dafoe. With a budget of less $7 Million, the film went on to earn over $50 million worldwide for Lions Gate including videocassette and DVD sales.

“We believed in Lunar Park so strongly that we put in a pre-emptive bid the very next day after it came to us”, said Kevin Frakes, Co-Founder and Co-CEO of PalmStar Entertainment. “We were in a bit of a battle, but it was personal for our company and we went the extra mile to close the deal”. PalmStar has been fielding interest from producers, directors and writers, but are taking their time in packaging the project.

“Lunar Park is the most personal book I’ve written even if on the surface it reads like a thriller. It took a long time to complete and PalmStar has known about the book from the beginning. And they witnessed the usual complaints, anxieties, and excitement that occur when you’re completing a novel.” Concedes author Bret Easton Ellis. “Now it’s their turn to move through that process.”

About PalmStar Entertainment

Based in New York and Los Angeles, PalmStar Entertainment was founded in 2004 by Kevin Frakes, an NYU Film and Yale MBA graduate. The Company co-produces and co-finances low budget independent films and has recently completed production on its first two feature films: 50 Pills starring Kristen Bell and Lou Pucci and Premium starring Zoe Saldana, Hill Harper and Frankie Faison. For more information please visit the site: www.palmstar.com

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