STX Places Chris Pine-Ben Foster Movie ‘The Contractor’ In Bankruptcy

STX Locations Chris Pine-Ben Foster Film ‘The Contractor’ In Chapter

Showtime./Paramount

As STX seems to untangle itself from earlier firm Eros and segue to its new finance companion Najafi Corporations, the Robert Simonds studio has put its Chris Pine-Ben Foster thriller, The Contractor, in Chapter 11 chapter.

Showtime and Paramount Photos House Leisure, as Deadline first instructed you, acquired U.S. distribution rights to the Tarik Saleh-directed motion film, which will likely be launched later this yr. Just like Queenpins, which STX offered to Paramount+ and Showtime for $20M, the deal on The Contractor will see the pic launched in a restricted variety of theaters by Paramount with a simultaneous PVOD launch throughout platforms.

So what’s occurring right here?

An organization spokesperson tells Deadline, “This submitting, like our earlier submitting on Greenland 2, is surgical and strategic as we defend our rights whereas we work in direction of our closing for strategic options for our firm.”

“Migration is the entity that now owns the worldwide distribution rights in The Contractor,” the rep added. “We decided that it was essential to hunt chapter reduction to guard the worth of that entity for all of our stakeholders.”

The brand new SEC Eros submitting says that the Dec. 6 settlement that STX made with Najai Corporations was amended on March 15. Najafi now has 85% of STX and 100% of its voting curiosity. Eros STX World Corp. nonetheless has 15% of non-voting shares. The SEC submitting reads that the acquisition value and excellent debt to be round $157M on the time of closing.

Pine stars in The Contractor as Particular Forces Sgt. James Harperwho’s involuntarily discharged from the Military and lower off from his pension. In debt, out of choices and determined to offer for his household, Harper contracts with a personal underground army power. When the very first project goes awry, the elite soldier finds himself caught in a harmful conspiracy and on the run for his life.

Gillian Jacobs, Kiefer Sutherland, Eddie Marsan, Fares Fares, Nina Hoss, and Amira Casar additionally star within the J.P. Davis-penned film.

Thunder Highway Movie’s Basil Iwanyk and Erica Lee (John Wick franchise, Greenland) produced with 30West having totally financed the movie. 30West’s Dan Friedkin, Micah Inexperienced, and Dan Steinman are government producing together with Pine, Jonathan Fuhrman, Tom Lassally, and Josh Bratman. Esther Hornstein of Thunder Highway Movies is government producing.

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