In many ways, Tony Kaye's shot in New Orleans production was rattled by its own "wrath" of unforeseen events and circumstances and by the looks of it, the clean up crews are out by this Hollywood Reporter mention assessment of the damage. By the gist of the article, it looks like a rob Peter to not pay Paul type of situation - where the fate of Kaye's film is not necessarily in better hands, but is closer to seeing the day of light at a theater or festival setting. - In many ways, Tony Kaye's shot in New Orleans production was rattled by its own "wrath" of unforeseen events and circumstances and by the looks of it, the clean up crews are out by this Hollywood Reporter mention assessment of the damage. By the gist of the article, it looks like a rob Peter to not pay...
- 6/13/2010
- IONCINEMA.com
In many ways, Tony Kaye's shot in New Orleans production was rattled by its own "wrath" of unforeseen events and circumstances and by the looks of it, the clean up crews are out by this Hollywood Reporter mention assessment of the damage. By the gist of the article, it looks like a rob Peter to not pay Paul type of situation - where the fate of Kaye's film is not necessarily in better hands, but is closer to seeing the day of light at a theater or festival setting. At a cost of 2 million to purchase the rights, it would make sense if some distributor is already waiting in the wings to release Black Water Transit, a thriller that was completed in 2007 and despite a pretty good cast, never made it close to the big screen thanks to Capitol Films closing shop. The Doug Richardson-scripted adaptation of the...
- 6/13/2010
- IONCINEMA.com
The troubled history of the unreleased thriller "Black Water Transit" took another twist on Friday when ownership of the movie valued in legal papers at $26 million was sold for a $2 million credit in a foreclosure auction opposed by a lender and the federal bankruptcy court trustee overseeing five companies controlled by embattled financier David Bergstein.
The movie was sold at an auction in a west L.A. law office by Library Asset Acquisition Company (Laac), whose ownership is confidential, but believed to be Bergstein and sometime partner Ronald Tutor, the construction company executive who is backing a Bergstein advised $650 million bid for Miramax.
The buyer was a newly formed company called Black Water Transit Acquisition Company whose ownership is as murky as the plot of the movie, but appears to be Bergstein and Tutor. In the notice of the sale, buyers were told to contact Bergstein's lawyer Ray Reyes, who also...
The movie was sold at an auction in a west L.A. law office by Library Asset Acquisition Company (Laac), whose ownership is confidential, but believed to be Bergstein and sometime partner Ronald Tutor, the construction company executive who is backing a Bergstein advised $650 million bid for Miramax.
The buyer was a newly formed company called Black Water Transit Acquisition Company whose ownership is as murky as the plot of the movie, but appears to be Bergstein and Tutor. In the notice of the sale, buyers were told to contact Bergstein's lawyer Ray Reyes, who also...
- 6/11/2010
- by By Alex Ben Block
- The Hollywood Reporter - Movie News
A day after a local bankruptcy court put David Bergstein's main movie companies under the control of a trustee, another federal court in Los Angeles granted Aramid Entertainment Fund an injunction to stop another entity controlled by Bergstein and his show business partner Ronald Tutor from auctioning off the movie "Black Water Transit."
The U.S. District Court of California issued an order Wednesday for a temporary restraining order to stop Tfc Library from selling rights to the crime drama, which stars Laurence Fishburne, Brittany Snow, Stephen Dorff and Aisha Tyler and was directed by Tony Kaye.
Noting that Bergstein's attorneys Tuesday told a bankruptcy judge that a key part of his business is foreclosing on distressed film libraries, Aramid managing director David Molner said, "It would seem the courts are disrupting that business model."
Based on the novel by Carsten Stroud, the movie was long in development and...
The U.S. District Court of California issued an order Wednesday for a temporary restraining order to stop Tfc Library from selling rights to the crime drama, which stars Laurence Fishburne, Brittany Snow, Stephen Dorff and Aisha Tyler and was directed by Tony Kaye.
Noting that Bergstein's attorneys Tuesday told a bankruptcy judge that a key part of his business is foreclosing on distressed film libraries, Aramid managing director David Molner said, "It would seem the courts are disrupting that business model."
Based on the novel by Carsten Stroud, the movie was long in development and...
- 3/31/2010
- by By Alex Ben Block
- The Hollywood Reporter - Movie News
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.