Wednesday, March 7, 2012

ABC Series Mistresses Casts 2 Of Its Leads

Rochelle Aytes (ABC’s The Forgotten) and up-and-comer Jes Macallan have landed two of the four leads in Mistresses, ABC’s drama recently greenlighted straight to series for a summer 2013 launch. The soap, written by KJ Steinberg based on the British format, is described as a provocative thrilling drama thatfinds four women, two of them played by Aytes and Macallan, with scandalous romantic lives, caught in storms of excitement and self-discovery, secrecy and betrayal, and at the mercy of the complex relationships theyve created. Aytes, repped by Innovative and Zero Gravity Management, will play April, a recent widow raising two daughters and running a high-end linen shop on Robertson Boulevard. Coincidentally, Aytes also played one of the 4 leads in the previous U.S. Mistresses adaptation, a 2009 Lifetime pilot penned by Melissa Carter. In her first series regular role, Macallan, repped by Luber Roklin, Momentum and attorney Lev Ginsburg, will play Josslyn, the youngest of the quartet of close friends, a real estate broker, and an unapologetically sensual woman. UTA-repped Cherie Nowlan is set to direct the pilot for the ABC Studios series, executive produced by Steinberg, Bob Sertner, Douglas Rae and Rina Mimoun.

Monday, March 5, 2012

Here Comes the New Men in Black 3 Trailer (To Underwhelm You)

Sony's got quite the job ahead of them selling the mega-budgeted sequel Men in Black III, due in May, if the new trailer is any indication: See Will Smith drop lines like "I don't have no problem pimp-slapping the shiznit outta Andy Warhol" and be transported to a futuristic time-traveling retro '60s that looks and sounds a lot like the one Austin Powers came from. I guess the '90s are the new '80s, but this is just lazy. The new sequel follows alien-hunting Agent J (Smith) into the past to save Agent K (Tommy Lee Jones) by teaming up with a younger version of K (Josh Brolin doing his best Tommy Lee Jones impression). Look forward to the usual broad aliens-among-us gags and that mind eraser schtick that audiences loved in 1997! Smith bemoans that he's "getting too old for this," and I'm inclined to agree. Aren't we all? Verdict: Looks tired. Insert mind eraser joke here.

Wednesday, February 29, 2012

Ann Hathaway Exits CAA Follows Agent Serta Aloni Wherever He Goes

Surprise: Ann Hathaway’s Agent Serta Aloni Fired From CAA EXCLUSIVE: Ann Hathaway just left CAA, inside the wake in the firing of Serta Aloni. An origin near the situation notifies me that Nolan and also the producer/wife Emma Thomas, will probably be going wherever Aloni lands. This makes Aloni a great commodity in the marketplace, whether he visits a business like WME or becomes a supervisor. I broke the story earlier today when CAA abruptly fired Aloni, for that reason he didn’t mesh while using agency’s culture. Nolan directed the three Batman films additionally to Beginning. More youthful crowd produced Superman film Guy of Steel. He’s a large director that any agency would kill to represent. I’d heard early today that although CAA attempted to keep Nolan inside the fold, the organization virtually expected this might happen. The organization arrives about $12 million in commissions from past and approaching film deals brokered for Nolan, which padded the blow somewhat. Just what a crazy development it's been. Nolan’s move underscores a few things i’ve discovered Aloni: he or she is a prick with co-employees, but he kills for his clients and they are loyal as a swap. I’m waiting to determine if Aloni’s other clients have a similar.

Tuesday, February 28, 2012

'Wicked' Continues Its Box Office Reign Over 'Lion King'

Duncan Stewart, director of casting at National Artists Management Company, talks about opening every submission and what he desires to see in the headshot. casting Duncan Stewart headshot NY city open distribution Duncan Steward, director of casting, talks about what he wants from an actress in the general meeting, mainly truth, likability, and inadequate ego. advice casting Duncan Stewart NY city tips Duncan Stewart, director of casting, talks about what he needs from an audition and customary mistakes stars make. advice auditions casting Duncan Stewart NY city Alaine Alldaffer reduces the particular role from the casting direcor. Alaine Alldaffer casting casting director Grey Gardens play stage theater Casting director Alaine Alldaffer talks about casting "Saved" and many types of misconceptions about just as one actor in NY City. Alaine Alldaffer casting director New you are able to city theatre play saved NY casting director Bernie Telsey describes what stars need to know before walking into an audition. (Part a few) Bernie Telsey casting director We spoken with casting director Mark Teschner about concentrating on cleaning cleaning soap operas. (Part 1 of three) General Hospital Mark Teschner cleaning cleaning soap opera NY casting director Bernie Telsey describes the best way to give your better audition. (Part 2 of two) Bernie Telsey casting director We spoken with casting director Mark Teschner about concentrating on cleaning cleaning soap operas. Just have beautiful people apply? (Part 2 of three) General Hospital Mark Teshner cleaning cleaning soap opera We spoken with casting director Mark Teschner about who audition to clean cleaning soap operas. (Part 3 of three) General Hospital Mark Teschner cleaning cleaning soap opera Videos for your Back Stage News & Features section.

Friday, February 24, 2012

Pre-packaged films find greenlight

Steve Carells involvement with 'Crazy Stupid Love' helped sell it to studios, which are increasingly emphasizing tentpoles, like 'Transformers Dark of the Moon.'Hollywood's obsession with franchises and recognizable brands has caused a quiet power shift in the film biz, with the decline in development budgets at the major studios whetting appetites for prepackaged, ready-to-shoot projects. The result: Producers and filmmakers now have more control at the mid- and small-budget levels.With faster greenlights as the prize, filmmakers have new incentives to fully develop their ideas before taking them to the studios. Agents and managers, meanwhile, are attaching talent to projects earlier in the process -- a shift that, as any one of those players will attest, beats fighting with studios for approval."It's really more about making (movies) and less about developing them in today's marketplace," says one lit agent.As one manager puts it: "Companies like Relativity only want packages they can pull the trigger on. They don't have the time or attention span to develop something from scratch. They assume that's your job, and it's why you're bringing a script to them in the first place."None of that is expected to change, as the corporatization of Hollywood has made studios less likely to take risks on unproven projects, and instead turned their attention to big-budget tentpoles that can perform as franchises at the box office and in retail aisles. Since the 2007 writers' strike and the 2008 recession, the studios have felt more pressure to appease parent companies that have become more cost-conscious and profit-hungry. They increasingly need to produce content that moviegoers will instantly recognize and embrace. Last summer alone saw the studios focused on familiar properties like the Transformers, the Smurfs, Thor, Green Lantern, Captain America and Planet of the Apes.But even as they devote their development dollars largely to tentpoles, studios still have distribution pipelines to fill. They need to feed the megaplexes year-round, even if they're not directly creating that product.That's opened the doors for producers to put together the rest of the studios' slates with original fare."Ten years ago, studios would take a package, but they weren't necessarily looking for them," one top agent at a tenpercentery tells Variety. "Now it's more of a priority. Studios see them as an opportunity to put money into something that they know is going to happen instead of paying a couple million on developing something that will never happen."That doesn't necessarily mean it's easier to get a greenlight. Tenpercenteries need to assemble packages that grab the attention of studios bosses and are easily marketable to moviegoers.The packaging process, in fact, is now being discussed before scripts are shopped to the studios, and agents and managers are being trained to do the extra legwork to make projects salable.Warner Bros.' "Crazy Stupid Love" was a spec that several studios were high on when it was put on the auction block a couple years ago. What helped attract attention to the romantic comedy wasn't just its scribe, Dan Fogelman -- hot off Disney's "Cars" and "Tangled" -- but the attachment of Steve Carell as its star. Having set up a number of high-profile videogame and comicbook adaptations at the studios, Adrian Askarieh has moved to take the independent route to package his own projects, such as "Alien Sleeper Cell," an alien invasion pic that Morgan Davis Foehl will write and Bill Block ("District 9") will produce through QED Intl. Askarieh is taking a similar approach with "Just Cause," an adaptation of Eidos' hit vidgame -- with Michael Ross ("Turistas") scripting and Eric Eisner's L+E Pictures co-producing -- in order to retain more creative control and speed up the development process.Most recently, even the music industry has gotten involved: ICM has begun packaging a narrative-style pic revolving around music by the Grateful Dead, after being granted unlimited access to the band's music catalog.Another package that drew attention was Universal's deal to buy an R-rated college-based comedy that will star Seth Rogen and Zac Efron, based on a script by Andrew Cohen and Brendan O'Brien. Rogen will produce with Evan Goldberg through their Point Grey Pictures shingle.The commitment of additional talent early in the process has helped boost the pricetag of such deals, reps say, doubling or even tripling what they might have landed for a traditional spec sale in the past.In the Rogen-Efron deal, the scribes pulled in seven figures and the thesps pocketed higher-than-usual quotes along with backend fees after a bidding war took place to secure the project. Rogen will earn $8 million on top of a seven-figure producing fee.Locking down talent, however, can prove just as difficult as selling a project to a studio. Just getting talent to read the material can hold back a package, reps say. But it doesn't stop there."It's one thing to get the right talent to like the material and come onboard. It's a completely other thing to get that director or actor to read it," says one lit agent. "Sometimes it takes three days, other times it takes them three months, so a lot of the issues we run into come down to timing."The involvement of multiple agencies can also cause delays, considering that each has its own idea regarding who is right to topline a particular piece of material.For the raunchy college comedy set up at Universal, UTA and Principal repped Rogen. The tenpercentery also repped Goldberg. Efron's deal was handled by CAA and Alchemy, while the scribes are also repped by CAA. Financing is a key factor that often comes into play when packaging such projects before they get their footing at a studio.A handful of auteurs got their projects up and running thanks to the Annapurna Pictures banner, headed by Megan Ellison.Over the past year, Ellison has come onboard to finance pictures such as Paul Thomas Anderson's "The Master," "The Wettest County" and Kathryn Bigelow and Mark Boal's untitled project about the hunt for Osama bin Laden. And last May, Creative Artists Agency attached "Fast Five" helmer Justin Lin and producer Robert Cort to the two-picture "Terminator" package that sold to Annapurna for around $20 million in an auction at the Cannes Film Festival. In almost every case, Annapurna has come onboard as part of the packaging process before any of these projects were brought to a studio. (Ellison's brother David, by contrast, has made a name for himself by boarding studio tentpoles, such as "Mission: Impossible -- Ghost Protocol" and the "Star Trek" sequel, at the financing stage.)Outside financing has fostered other nontraditional development.India's Reliance Group invested $325 million in DreamWorks, and gave CAA clients Brad Pitt, Jim Carrey, Brett Ratner, Jay Roach and Julia Roberts $2 million each to develop films. It provided $5 million to Imagine Entertainment to launch an inhouse writers lab to produce scripts. These development funds, however, have yet to yield any projects.Though it may feel like fewer specs are being sold to studios these days, some reps believe the majors are still willing to take on such work if the material feels right, as it was with Fox's "Chronicle," a low-budget horror pic that's already passed $50 million at the domestic box office. And at least one lit agent is adamant that spec sales aren't dead, and that the reason so many go unnoticed is because a simple pitch with no one attached doesn't arrive with the same fanfare that a pedigreed package typically does."Packages just jump out more in the media because of the talent attached," the rep says. "Let's say I sell a pitch for $375,000 but then someone else sells a pitch with Tom Cruise attached. That just makes a bigger splash." What: Studios see pre-packaged projects as more efficient, less costly.The takeaway: Packaging gives filmmakers more control over mid-range budget pics.Return to Movies & Money >> Contact Justin Kroll at justin.kroll@variety.com

Friday, February 17, 2012

New Two Days In New York Teasers Online

And the possibility of another SunriseIt's always a happy day when there's Julie Delpy news, so to send you glowing into the weekend, here are two teaser trailers for Two Days In NY.Following 2007's Two Days In Paris, we now find Delpy's Marion living in the Big Apple, juggling a career and the child she had with Adam Goldberg's Jack (who's now off the scene, sadly).The first of the clips sees her discussing her rather detailed relationship woes with new paramour Mingus (Chris Rock), and the second doesn't feature Delpy, but does feature her father Albert, reprising his role as the irascible Jeannot, grilling a struggling Rock about his politics and career.The film premiered at Sundance last month to a warm reception, and gets a full release in France on March 28.Savour it, because Delpy has intimated that it may be her last acting role, and that she'll concentrate on writing and directing from now on. There's still the possibility of a third Before Sunrise though.Ethan Hawke revealed to Allocine in November that "All three of us [Hawke, Delpy and director Richard Linklater] have been having similar feelings that we're ready to revisit those characters. There's nine years between the first two movies and now it's nine years again, so we really started thinking that would be a good thing to do."Delpy later confirmed to EW that "We're thinking about it," but qualified that with a cautious "I don't think we would do it if we couldn't find the right thing to say. If the third one's not good, it's not good for the two before. We're careful."

Wednesday, February 15, 2012

Fox moves more Major league baseball games to primetime

Attempting to begin a bigger baseball beachhead on Saturday nights, Fox stated it might broadcast Major league baseball games in primetime for eight consecutive days, the network's most ever. The games is going to be regionalized, beginning May 19 with five options including Boston against Philadelphia and Chicago's Whitened Sox versus. its Cubs. Every team within the U.S. can look a minimum of two times throughout the run. "We are pleased that people had the ability use our partners at Mlb to build up our most extensive primetime schedule yet," stated Fox Sports co-prexy and COO Eric Shanks. "Our hope would be to increase viewership by featuring a lot of teams, create additional exposure for that game's many stars so that they be familiar to some larger group of followers.Inch Fox started experimentation with regular-season Saturday evening broadcasts this year, most particularly in a game title between your NY Yankees and also the La Dodgers that June. Last year, three baseball Saturday nights in May averaged roughly 4.two million total audiences. While ESPN has lengthy offered weekly primetime games -- "Sunday Evening Baseball," for instance, has been around place in excess of 2 decades -- this is the greatest primetime effort with a broadcast network for Major league baseball regular-season games in a single season because the shortlived "Baseball Network" that ABC and NBC combined to try in 1994-95, an attempt which was short-circuited simply through the 1994 players' strike. Before that, you'd have to return to the eighties -- just before ESPN's initial cope with Major league baseball in 1989 -- to locate regular primetime Major league baseball game coverage on the broadcast network. Fox's new schedule could impact local cablers and tv stations, who aren't permitted to broadcast Major league baseball games throughout Fox's Saturday window. Typically, teams have moved non-Fox games from the mid-day window in to the evening, but most probably would need to reverse course throughout this eight-week stretch. Contact Jon Weisman at jon.weisman@variety.com

Friday, February 10, 2012

'City,' 'Dead' to Studiocanal

Shia LaBeouf stars in Studiocanal acquisition The Organization You Retain. Euro film group Studiocanal, carrying its three-year $800 million film financing clout, is improving its distribution, obtaining "Evil Dead" and "The Organization You RetainInch for Blighty, and "Damaged City" for France and U.K.The buys would be the latest moves illustrating Studiocanal's will and financial might to compete for that greatest or most buzzed-about movies for distribution in Germany, the U.K. and France, Europe's greatest three marketplaces.Studiocanal closed certainly one of its biggest 2012 U.K. bows -- "Dead," a Mike Raimi-Take advantage of Tapert remake of the 1981 classic "The Evil Dead" -- right before Berlin.Robert Redford's "Company" stars Shia LaBeouf inside a political thriller offered by Current Photos.Helmer Allen Hughes' "Damaged City," a NY City-based political thriller, is going to be launched within the U.S. by twentieth century Fox in The month of january.It toplines Mark Wahlberg, Russell Crowe and Catherine Zeta-Johnson -- "an incredible cast because of not only the U.K. but additionally France," stated Studiocanal chairman-Boss Olivier Courson.Studiocanal has acquired privileges to Germany on Sierra/Affinity's dramatic thriller "The Area Past the Pines" from Derek Cianfrance ("Blue Valentine"), starring Ryan Gosling and Bradley Cooper. It already has U.K. and French privileges.Going after long term relations with company directors, Courson described, Studiocanal has tied lower Terrence Malick's next three movies for U.K. and Germany: "Project D," "Lawless" and "Dark night of Cups," all FilmNation-offered.Studiocanal has additionally bought Relativity's "Mirror Mirror" for that U.K. and Germany, Exclusive's "Hurry" for that U.K. and Lionsgate's "Hunger Games" for Germany. It releases Taylor Lautner-starrer "Bel Ami," screening in Berlin, in Blighty on March 9."It isn't a Studiocanal priority to guide (finance) U.S. blockbusters that the domestic marketplace is the U.S. but we want them for that U.K. and Germany," Courson stated.Studiocanal's purchases roll off a 150 million ($202.5 million) financing cope with Anton Capital Entertainment, introduced in September, on British-language movies and flicks with worldwide theatrical potential launched by Studiocanal over 3 years.The Euro small-major has additionally inked pay TV deals within the U.K. and Germany with Amazon . com-Lovefilm along with a free-to-air TV offer Germany with RTL. Contact the range newsroom at news@variety.com

Thursday, February 9, 2012

Jon Voight joins the cast of Showtime's 'Ray'

Jon Voight and Elliot Gould have been added to the ensemble of Showtime pilot "Ray Donovan." Liev Schreiber has previously been cast in the lead role. Others set to appear include Eddie Marsan, Dash Mihok and "Deadwood" alum Paula Malcomson. Voight will play Schreiber's father, Mickey Donovan, a newly freed ex-convict who heads to Los Angeles with suspicious intentions to reconnect with his estranged family. Gould will recur as Ray's mentor and confidante. "Ray Donovan," produced in-house at Showtime, was written by Ann Biderman ("Southland"). She will exec produce with Mark Gordon and Bryan Zuriff. Production is set to begin in a few months. Premise of the show centers around Donovan, who is asked to solved complicated and controversial problems among L.A.'s elite. Contact Stuart Levine at stuart.levine@variety.com

Monday, February 6, 2012

Verizon, Redbox team on video venture

Confirming rumors that began to circulate in December, Verizon and Redbox said Monday they're creating a video venture that will go head to head with the reigning king of the space, Netflix. The joint venture will combine Redbox's kiosk business with an Internet video offering from Verizon. It is scheduled to launch in the second half of the year. Company kept most of the details about the as-yet unnamed service close to the vest. In a release the companies said it would offer "instantly available online and mobile content with immediate access to physical media through rental kiosks." Verizon will own 65% of the joint venture, Coinstar the remainder. Video content will be delivered over both the Web and to mobile devices. Users will apparently be able to stream some of that content and download other parts. The streaming video space is becoming increasingly crowded, with Amazon and Hulu looking to expand. So far Netflix far outspends all of its rivals on content deals and reach. Verizon's majority stake could be beneficial in courting studio involvement. Redbox recently rejected Warner Bros.' demand that the company agree to a 56-day delay before making new movies available. (The company will instead buy copies from third-party distributors, increasing its costs but giving it a notable advantage over Netflix and Blockbuster.) Verizon has a better relationship with studios. The new partners said together they "will offer all of the convenience, simplicity and value of Redbox new-release DVD and Blu-ray disc rentals combined with a new content-rich video on-demand streaming and download service from Verizon." "When you consider the core elements the parties bring to this venture -- our powerful brands; our national rental kiosk footprint; our anytime, anywhere network presence; and our mutual commitment to customer-focused innovation -- it's clear that Verizon and Redbox are a powerful entertainment team," said Bob Mudge, president of Verizon consumer and mass business markets. Among the unknowns the companies glossed over in Monday's announcement and conference call was how the service will be set up. It could be an all-you-can-eat model, like Netflix uses, or of the a la carte variety, as Amazon does with one side of its streaming business. If it's not a single payment for unlimited film consumption, it's less likely to be a contender to displace Netflix as leading streaming service. Wedbush Securities analyst Michael Pachter notes that the average Netflix streamer currently watches 31 hours per month of programming - a number unlikely to be matched on a per-view charge. Shares of Redbox parent Coinstar were up 1.3% in mid-day trading at $50.29. Netflix was up 2.5% at $129.55. Contact the Variety newsroom at news@variety.com

Tuesday, January 31, 2012

WGAW taps Verrone for Morgan Cox kudo

Former Writers Guild of America West president Patric Verrone -- best known as the public face of the guild during the writers strike -- has been tapped to receive the WGA West's Morgan Cox Award in recognition of service to the guild. Verrone will be honored at the Writers Guild Awards' West Coast ceremony on Feb. 19 at the Hollywood Palladium. "Patric Verrone has dedicated much of his professional life in service to this guild and to its members," said WGA West president Christopher Keyser. "He is the embodiment of all the qualities that the Morgan Cox Award celebrates and was the unanimous choice of this year's committee. As he has honored us, it is our great pleasure to honor him now." Verrone joined the WGA in 1987 and worked on "The Tonight Show Starring Johnny Carson," "The Simpsons" and "Futurama." He is best known for serving as WGA West president for two terms (2005-09) and leading the WGA through the 100-day writers strike of winter 2007-08. Verrone was first elected to the WGA West board in 1999 and then served two terms as secretary-treasurer in 2005. Keyser defeated Verrone last fall for the presidency. Verrone's been nommed for nine Emmys and won for "Futurama" in 2002 and 2011 and for "Muppets Tonight!" in 1998. He received the WGA West's Animation Writing Award in 2002 for lifetime achievement in animation writing. Contact Dave McNary at dave.mcnary@variety.com

Thursday, January 26, 2012

Warners requires a 'Killshot'

Warner Bros. has bought the pitch "Killshot" from scribe Ken Woodruff. No logline was immediately available. While Woodruff hasn't labored for that studio's film division before, he's no stranger towards the company's TV arm. Scribe is presently a producer and staff author on "The Mentalist," created by Warner Bros. Television. Other credits include "Goodbye Mexico," a script Woodruff authored for Richard Saperstein's The Genre Co. WME reps Woodruff. Contact Rachel Abrams at Rachel.Abrams@variety.com

Tuesday, January 24, 2012

Selena Gomez States Paradise Is Everywhere

Sherrrd like to star inside the book adaptationDisney Funnel celebrity Selena Gomez is searching to acquire a a little better than the usual couple of of her contemporaries if the involves her career. She already features a production company in place and contains just optioned the rights to Jandy Nelson's novel Paradise Is Everywhere.It's beginning for your film, which does not have a very author or director attached or any studio backing by yet, but as it pertains lower together, Gomez desires to play Lennie Master, an introverted 17-year-old band geek and bookworm who lives inside the shadow of her much more popular and adventurous older sister, Bailey. But Bailey dies out of the blue and Lennie is skyrocketed into another existence, and becomes torn between two boys, one her sister's grieving boyfriend (blimey, he doesn't hang about, does he?) as well as the other a sensitive French music artist studying in Paris. And (whodathunkit?) she arrives of her spend and knows that she's really quite attractive, whilst her usually bought world falls apart when she tries to juggle two associations.Gomez was last noticed in the strictly tweencentric Monte Carlo, an undesirable film through which she was fairly decent, as well as in the design of Sky it won't exactly stretch her into very new territory. It'll, however, appear like she's striving to think about more risks, as she's also signed on for Harmony Korine's women-make the most of-a-restaurant-to-fund-their-holiday crime pic Spring Breakers, that's organizing to shoot in, er, spring.

Tuesday, January 10, 2012

Shorter vfx reels demand new strategy

Cutting a 15-minute vfx bakeoff reel from massive spectacles like "Avatar," "Titanic" and "King Kong" was with enough contentration. This season, with increased records, bakeoff reels are just ten minutes, and that is forcing the presenters to re-think their strategy.The attempted-and-true method ended up being to tell a condensed version from the story in fifteen minutes, with sufficient story to help keep the viewer oriented and the large vfx shots in context. That assisted convey the emotional impact from the shots.With five less minutes, though, "Hugo" vfx supervisor Take advantage of Legato required another approach. "I place in whole moments, presuming individuals have seen it. Whole moments that demonstrate all of the work. It cuts down on the filler and today it is simply the meat and taters." Nevertheless, the very first cut of his reel was twenty minutes.InchTransformers: Dark from the Moon" has massive effects in the majority of the movie, so selecting ten minutes is an extremely tough challenge for vfx supervisor Scott Farrar. "You need to tell a tale, a minimum of I actually do, something which has a little emotion and action and scope and scale. But our first sweep was 40 minutes. Geez!"Tim Burke of "Harry Potter and also the Deathly Hallows: Part 2," known as everything condensing "tricky," but stated he felt these were still in a position to construct the storyline and obtain lower to ten minutes. Still, he adds, "It's a shame we have needed to omit a lot great work.InchAttention around the Academy awards: VFX, Seem & EditingLong photos spur sly methods Oscar lacks home for 'designers' Seem minds Bakeoff buzz: Heart trumps hardware Shorter vfx reels demand new strategy 'Bridesmaids' editors required lengthy view Contact David S. Cohen at david.cohen@variety.com

Monday, January 2, 2012

Goldman Sachs puts Alliance Films on the market

As Wall Street begins to cautiously re-enter Hollywood, Goldman Sachs is cashing out. The company is putting up for sale its two-thirds stake in Alliance Films, the Canadian finance and distribution operation which backed "Insidious," "The King's Speech" and "Shame." Investissement Quebec, the Quebec government's investment division which owns the remaining share, is selling its portion as well, according to an individual with knowledge of the transaction. Bank of Montreal is handling the sale. Sale of the company, which was first reported by the Financial Times, would include Canadian and other rights to a library of more than 11,000 films, as well as Canadian distribution rights for pics from Relativity, Lionsgate Entertainment, Focus Features, the Weinstein Company and CBS Films. Sale would also include rights to release Relativity's pics in the U.K. through Momentum. IQ is shifting its investment focus away from film, according to sources with knowledge of the company, and is turning its eye toward natural resource projects as well as the creation of advanced materials and new technologies. Goldman's reasons for selling were not immediately clear, but observers close to the company said its decision did not come as a surprise. While the financial crisis of 2008 saw a mass stock market exodus from the entertainment biz, some banks and institutional investors have slowly started re-entering the entertainment space, or decided to enter for the first time. And some of those relative newcomers - like SunTrust and OneWest Bank -- have been instrumental in some of the largest film company refinancings over the past 12 months. SunTrust was one of the principal banks involved in Legendary's $700 million credit facility; both banks participated in New Regency's $500 million credit line. Both transactions closed last year. Other companies are finding a renewed source of leverage from their film libraries. Miramax, for example, was able to raise about $500 million from institutional investors, in large part due to its projected future digital licensing agreements from its older titles. Reports of Alliance's sale come just six months after the company acquired Maple Pictures from Lionsgate for about $40 million. Alliance Films is one of two major Canadian distribs -- the other being Toronto-based eOne -- with operations in the U.K. though Momentum and in Spain through Aurum. Company first came under partial government ownership in 2008, when the Societe Generale de Financement bought a 38.5% stake for $102 million, giving the investment arm a 51% of the voting shares. Goldman Sachs took a stake in Alliance Films in 2007. Alliance Films was formerly Motion Picture Distribution, an income trust controlled by Alliance Atlantis Communications. EdgeStone and Goldman Sachs took over the company after the rest of Alliance Atlantis was bought by CanWest Global that year. Alliance Films declined to comment. Goldman Sachs and IQ did not return requests for comment. Contact Rachel Abrams at Rachel.Abrams@variety.com