Post by The Ultimate Nullifier on Nov 11, 2015 11:33:34 GMT -6
From Facebook
Richard Albiston shared Cannon Films Ltd's post to the group: Cannon Films Appreciation Society.
4 hrs ·
Our post this Wednesday is inspired by Comic CollectorsGuide's #AskCannon question last week about Ovidio G Assonitis. That period in Cannon history is extremely complicated, due to folding in and out of companies and Giancarlo Parretti, Yoram Globus & Christopher Peace doing deals with multiple entities over what was left of Cannon Films.
In 1989, Ovidio Assonitis was in control of a Dutch production company called Trihoof Investments. Trihoof offered to buy from Parretti’s Pathe Communications 32.7 million shares of Cannon common stock, 28.8 million Class A warrants and 26.1 million Class B warrants for $5 million. Under the deal they would also get the Cannon Pictures office building on Wilshire Boulevard for an extra $9 million and will also assume responsibility for a $15-million loan from Credit Lyonnais to Cannon Pictures. Also included in the package were a six-film contract between Cannon Pictures and Chuck Norris and a one-film deal with Charles Bronson. But the Cannon Group film library with 800 titles, a chain of theatres and foreign distribution rights to Cannon films, would be retained by Pathe. Pathe also would get the rights to three films on the current Cannon Pictures release schedule. The deal ultimately fell apart and Christopher Peace took over control of the new Cannon Pictures company with lawsuits following from Assonitis and his deputy Bill Immerman.
Some movies on this list are not credited to Assonitis, but the rights were acquired/green-lights given under his watch. Have you seen any of these pictures? Do you have a favourite from this turbulent time in Cannon history?
Richard Albiston shared Cannon Films Ltd's post to the group: Cannon Films Appreciation Society.
4 hrs ·
Our post this Wednesday is inspired by Comic CollectorsGuide's #AskCannon question last week about Ovidio G Assonitis. That period in Cannon history is extremely complicated, due to folding in and out of companies and Giancarlo Parretti, Yoram Globus & Christopher Peace doing deals with multiple entities over what was left of Cannon Films.
In 1989, Ovidio Assonitis was in control of a Dutch production company called Trihoof Investments. Trihoof offered to buy from Parretti’s Pathe Communications 32.7 million shares of Cannon common stock, 28.8 million Class A warrants and 26.1 million Class B warrants for $5 million. Under the deal they would also get the Cannon Pictures office building on Wilshire Boulevard for an extra $9 million and will also assume responsibility for a $15-million loan from Credit Lyonnais to Cannon Pictures. Also included in the package were a six-film contract between Cannon Pictures and Chuck Norris and a one-film deal with Charles Bronson. But the Cannon Group film library with 800 titles, a chain of theatres and foreign distribution rights to Cannon films, would be retained by Pathe. Pathe also would get the rights to three films on the current Cannon Pictures release schedule. The deal ultimately fell apart and Christopher Peace took over control of the new Cannon Pictures company with lawsuits following from Assonitis and his deputy Bill Immerman.
Some movies on this list are not credited to Assonitis, but the rights were acquired/green-lights given under his watch. Have you seen any of these pictures? Do you have a favourite from this turbulent time in Cannon history?