The Pledge
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1 item from 2006


Morgan Creek wins rights to Franchise pics

7 September 2006 | The Hollywood Reporter - Movie News | See recent The Hollywood Reporter - Movie News news »

Morgan Creek and producer David Bergstein have won all the rights to 72 films from the library of bankrupt Franchise Pictures with a joint bid of $30.7 million. The library includes such titles as The Pledge, The Whole Nine Yards, City by the Sea and dozens of others produced by the company, founded by the charismatic nightclub owner-turned-producer Elie Samaha. Morgan Creek, headed by James G. Robinson, was a distributor of some of the films in the library, and Bergstein (Laws of Attraction) participated in some of the productions. Morgan Creek and Bergstein also numbered among Franchise creditors. An auction was conducted under the supervision of U.S. Bankruptcy Court in Woodland Hills, with the acquisition expected to be finalized within 30 days. Last month, German media group Intertainment and Samaha reached a separate, $3 million settlement of a long-running legal squabble that followed the shuttering of Franchise. »

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