CANNES: Investor Buys Into CrossDay

An individual investor has bought a 25% stake in London-based production company CrossDay. Producers Pippa Cross and Janette Day will use the money to help convert two movies a year over the next three years. First up will be a remake of the Oscar-winning Tom Jones directed by David Dury with a screenplay by Matthew Faulk and Mark Skeet (Vanity Fair). Filming is set for this fall. Lionsgate will release CrossDay’s Heartless, starring Jim Sturgess, in the UK this Friday. Momentum will release its latest production Chalet Girl, starring Ed Westwick, Bill Nighy and Felicity Jones, early 2011. Cross and Day commented that this kind of development money is the hardest to find.

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