BREAKING: Michael Eisner, who got out of the movie business when his 21-year run ended at Disney in 2005, is back in the feature game. Eisner’s Tornante Company has made a multi-year worldwide distribution deal at Universal Pictures for a slate of films his Tornante will fully finance.
Eisner will shortly begin putting together a staff of executives to develop a slate of pictures. He chose Universal because he liked the team there. The arrangement gives the studio more product for its distribution pipeline, without requiring it to fund or supervise the films. Universal will only put up the P&A and supervise marketing. The studio will release Tornante product globally and receive a distribution fee. The move gives the town a much-needed new buyer for material. (more…)