Killer Films partners Christine Vachon and Pamela Koffler have sold 50% of the company to VC fund GC Corporation, according to the New York Times and Variety. Earlier tonight, the Times offered a news brief summarizing the pact and Variety‘s Mike Jones has also reported tonight that former ThinkFilm exec Randy Manis will become CEO of Killer Films and that company will increase its film production budgets to $40 – $50 million per film. GC is backed by Adi Cohen and partner Joseph Grinkorn, described by the Hollywood trade as “a major real estate and mortgage banking investor.” “It’s a big change,” Vachon told Variety, while Koffler said it is, “a great opportunity for us to turn a corner.” Also in the story, Cohen told Variety’s Jones, “We want Killer to compete. He added, in the words of the article that, “he envisions the company becoming as big a player as Miramax or Fox Searchlight.” New CEO Manis called Killer “an undervalued asset,” telling Variety, “nothing will be too big for Killer.”
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