After much debate in the run-up to and at the Cannes Film Festival about its impact on the film business, Netflix finally got out its checkbook and acquired a film: Kevin James comedy The True Memoirs Of An International Hit Man. It will be produced and financed by Merced Media and Palmstar Media. Kick-Ass 2 helmer…

­BREAKING:  Kevin James is set to star in The True Memoirs Of An International Assassin, a comedy that will be produced and financed by Merced Media and PalmStar Media. Kick-Ass 2 helmer Jeff Wadlow will direct the Black List script by Jeff Morris. James, coming off the Paul Blart Mall Cop sequel, will put away the…

EXCLUSIVE: Bill Block has closed a deal for American Hostage, a spec script penned by The Butterfly Effect co-scribe and co-director Eric Bress. It’s his first deal since moving to Merced Media, where he’ll produce this with his new partners Raj Singh and Kevin Frakes, and Benderspink. The spec is about a…

BREAKING: QED International CEO Bill Block and PalmStar Media Capital CEO Kevin Frakes have teamed with Merced Capital L.P. to launch Merced Media, a new development, production and financing vehicle they said will invest $500 million in a three- to five-year program of pictures that focus on wide release…