Evolution's Mark Burg Cashes Out Oren Koules, Names Mike Menchel President

EXCLUSIVE: Evolution Entertainment partners Mark Burg and Oren Koules are splitting after 12 years. Burg has purchased the 50% of the management/production company owned by Koules. Burg has reconstituted the company and named former CAA agent-turned-producer Michael Menchel its new president.

This brings to an end a partnership that achieved the dream of every boutique management/production company. When these guys got through Evolution’s Gregg Hoffman the script for Saw from Leigh Whannell and James Wan, they put themselves at risk personally to come up with the money to buy it and to cover the $1.2 million budget themselves. They made a licensing deal with Lionsgate but were left owning a film that grossed $103 million worldwide. They continued in that fashion on six sequels, most of which were low budget, with the last costing around $20 million. The cumulative worldwide gross of the series reached $870 million, and Burg and Koules made a fortune. Some of it they parlayed into other fright films under their Twisted Pictures banner, with many of the films directed and populated by clients of the management company. Their client stable includes Charlie Sheen. (more…)

This article was printed from https://deadline.com/2011/06/evolutions-mark-burg-cashes-out-oren-koules-names-mike-menchel-president-142690/