Press

New Line Lands Distribution Rights to Will Smith’s ‘Collateral Beauty’

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Variety, 9/5/15:  New Line is in talks to land worldwide distribution rights to the Allan Loeb-penned “Collateral Beauty,” sources tell Variety. Will Smith has replaced Hugh Jackman as the lead in the PalmStar Media project, and Variety has learned that Rooney Mara, who was originally attached to play the female lead, is no longer with the project.

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Jeremy Renner Signs First-Look Deal With PalmStar Media

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Variety, 8/31/15:  Jeremy Renner and his producing partner Don Handfield’s production company, the Combine, have signed a first-look deal with PalmStar Media, the financing company behind the upcoming Will Smith drama “Collateral Beauty.”

As part of the multiyear deal, PalmStar will provide producing services and overhead, development and production financing for the Combine’s growing film slate. The two companies aim to jointly produce two to three films per year.

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PalmStar, Likely Story acquire ‘Collateral Beauty’

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Screen Daily, 6/9/15: PalmStar Media and Likely Story have acquired rights to the script Collateral Beauty that has Hugh Jackman and Rooney Mara attached to star.

Allan Loeb wrote the screenplay about a New York advertising executive who emerges from depression in a surprising way when colleagues hatch a plan to help him.

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PalmStar, The Bridge Finance Company renew deal

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Screen Daily, 5/22/15EXCLUSIVE: PalmStar Media and Zurich-based The Bridge Finance Company announced during Cannes that they have renewed their strategic partnership.

Under the relationship PalmStar helps The Bridge Finance Company source and manage film investments. The parties have already collaborated on such films as Shelter, American Ultra, We’ll Never Have Paris, Celeste and Jesse Forever.

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Cannes: Netflix Acquires Kevin James’ ‘True Memoirs of an International Assassin’ (EXCLUSIVE)

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Variety, 5/19/15: Netflix has made its first big splash at the Cannes Film Festival by acquiring worldwide distribution rights to the upcoming Kevin James comedy “The True Memoirs of an International Assassin,” Variety has learned.

The purchase, which is in final negotiations, is a formidable coup for Netflix as it continues to build on its reputation in the realm of distributing original films.

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Dylan Sellers Sets Rivers Edge Films Shingle With PalmStar Media Backing

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Deadline Hollywood, 2/20/15: EXCLUSIVE: Dylan Sellers has formed Rivers Edge Films, a production company that kicks off with a strategic partnership with Kevin Frakes’ finance/production company PalmStar Media. Palmstar will fund Sellers’ overhead, production and development costs. They will jointly produce four to five films with budgets between $20 million and $40 million. Sellers will likely have a producing role in some of PalmStar’s other films.

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‘John Wick’ Partners PalmStar & Thunder Road Make $200 Million Slate Financing Deal

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Deadline Hollywood, 10/22/14: On the eve of the opening of their Keanu Reeves-starrer John Wick, PalmStar Media Capital and Thunder Road Pictures have made an overall financing deal that will give Basil Iwanyk’s production company more than $200 million in equity annually to fully finance and produce five to six star-driven films with budgets between $20 million and $50 million. PalmStar has the option to finance or co-finance the bigger-budget films. Iwanyk’s company will also have over $5 million in development capital to percolate projects in the deal he has closed with PalmStar Media CEO Kevin Frakes.

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Bill Block, Kevin Frakes Partner on $500 Million Film Slate with Merced

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Variety, 10/8/14: Production-financing veterans Bill Block (“Fury”) and Kevin Frakes have teamed with hedge fund Merced Capital L.P. to launch a $500 million slate of films under the Merced Media moniker.

The new venture will be a development, production and financing vehicle and unveil its first projects shortly.

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Keanu Reeves To Tell “The Whole Truth”

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Dark Horizons, 6/14/14:  Two months after Daniel Craig unexpectedly dropped out, Keanu Reeves has now taken over the lead role in “Frozen River” director Courtney Hunt’s courtroom drama “The Whole Truth” at PalmStar Entertainment.

Reeves will play a defense attorney who fights to get his teenage client acquitted of murdering his wealthy father. Nicholas Kazan penned the script.

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