Basil Iwanyk’s Thunder Road is renewing its slate agreement with Cutting Edge Group and its investment arm, Conduct. The seven-figure deal covers five additional films. Conduct will advance Thunder Road development funds in exchange for future music rights.
“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.”
Denis Villeneuve’s Sicario, starring Emily Blunt and Benecio Del Toro, is playing in competition at Cannes. Thunder Road Pictures also has Peaky Blinders director Otto Bathurst’s 3 Seconds starring Luke Evans (The Hobbit: The Battle Of The Five Armies) set to start shooting this summer. That project is financed by PalmStar Media and Merced Media.
Conduct finances the music budgets of films and TV programs in exchange for IP rights to each project‘s original music. Conduct currently has over $100 million assets under management. Last year, it also 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, and the upcoming Pride And Prejudice and Zombies.
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.
Conduct hopes to announce more slate deals by the end of the Cannes market.