Thunder Road Pictures, Cutting Edge Group Renew Film Slate Agreement in Seven-Figure Deal
Cannes, France (May 14, 2015) – Two years after striking a five-film slate deal at the 2013 Cannes Film Festival, Thunder Road Pictures is renewing their agreement with Cutting Edge Group and CEG’s investment arm, Conduct, in a seven-figure deal to extend the partnership for an additional five films. In exchange for future music rights, Conduct will advance Thunder Road funds to enable the company to develop and expand their current slate of films in development.
“We are delighted to recommence our deal with the Cutting Edge Group and Conduct team,” said Thunder Road Pictures Principal Basil Iwanyk. “Their initial investment into Thunder Road was essential in building a terrific slate of film projects, including Sicario and John Wick, the former being in competition this year at the Cannes Film Festival.”
Cutting Edge Group CEO Philip Moross commented, “Thunder Road Pictures is a premier production company and a great partner to be in business with. We look forward to working with Basil and his team for many years to come.”
Thunder Road Pictures’ upcoming slate includes 3 Seconds, a $30 million action thriller starring Luke Evans (The Hobbit: The Battle of the Five Armies, Fast and Furious 6), shooting this summer and financed by PalmStar Media and Merced Media.
Under the aegis of Cutting Edge Group, Conduct offers a new paradigm by financing the music budgets of films and TV programs in exchange for intellectual property rights to each project‘s original music. As an investment fund with more than 400 credits to date, Conduct currently has over $100 million assets under management. Last year, Conduct set up slate financing deals with QED and with Brian Oliver’s Cross Creek Pictures. The company has also invested in hundreds of single pictures including Whiplash, Fury, That Awkward Moment and the upcoming Self/Less and Pride and Prejudice and Zombies.
Conduct Managing Director James Gibb said, “We intend to close at least four more slate deals this year, and hopefully one or two here at the Cannes Film Festival.”
The agreement negotiations were handled by Conduct’s Managing Director Tara Moross and Thunder Road Pictures’ Executive Vice President of Business Affairs Jonathan Fuhrman. Conduct is represented by UTA’s Rena Ronson and Alex Brunner.
About Cutting Edge
Cutting Edge Group (CEG) is a leading international music financier and services provider for film, television, and advertising, working directly with film and TV studios, independent producers, and global brands. CEG has provided its investment capital and music services to over 400 feature films, including The King’s Speech, which won the Best Picture Academy Award for 2010, Brad Pitt‘s Fury, John Wick, Drive, and the five-time BAFTA nominee and Golden Globe winner for Best Supporting Actor, Whiplash. CEG’s group of companies include Conduct, a leading asset manager specializing in music for the media industries; Varese Sarabande Records, the preeminent film and TV music soundtrack label; and CORD Worldwide a best-in-class independent music department for filmmakers and studios, and a music planning and buying business for global brands such as Shell, Nestle, Unilever, Mattel and advertising agencies J. Walter Thompson, Grey and McCann. For more information about Cutting Edge Group, visit http://www.cuttingedgegroup.com.
About Thunder Road Pictures
Founded and owned by Basil Iwanyk, whose films have collectively grossed $1.8 billion worldwide, Thunder Road Pictures is currently in post-production on the tentpole film Gods of Egypt for Lionsgate, directed by Alex Proyas; and Sicario, directed by Denis Villeneuve and starring Benecio Del Toro, Emily Blunt and Josh Brolin. Also upcoming for Thunder Road is a feature version of the highly successful video game Splinter Cell, directed by Doug Liman and starring Tom Hardy. Previous films include the epic action adventure films Seventh Son and Clash of the Titans, along with the sequel, Wrath of the Titans, the Keanu Reeves actioner John Wick, three installments of The Expendables, Brooklyn’s Finest, We Are Marshall, Firewall and the critically acclaimed drama The Town, directed by Ben Affleck.
Original article from Variety.