PalmStar Media

PalmStar Media Capital or PalmStar Entertainment is a film and television production and financing company based in Philadelphia. It was founded by its CEO, Kevin Frakes in 2010.[1]

History

PalmStar Entertainment was co-founded in 2004 by Kevin Frakes and Stephan Paternot, later in 2010, the CEO Frakes co-founded PalmStar Media Capital with Peggy Taylor [2] and Frank Pollifrone.[3] In July 2017, PalmStar Media purchased all the assets of National Lampoon, Inc., including trademark and library of print, audio, movie, and video content.[4]

Collaboration deals

In October 2014, PalmStar Media signed on a multi-year financing deal with Basil Iwanyk's Thunder Road Pictures, and according to this agreement, Thunder Road would get $200 million funds from PalmStar Media.[5] Thunder Road would use it to fully finance and produce five to six independent films from $20 to $50 million budget range per year.[5]

In February 2015, PalmStar Media signed on a deal with Dylan Sellers' Rivers Edge Films to handle all company's production and development costs, and they together would produce four to five films with budgets between $20 million to $40 million.[6] In August 2015, PalmStar Media signed a deal with Jeremy Renner and Don Handfield's production company 'The Combine' to produce two to three films per year together.[1]

PalmStar Media has also partnered with Anthony Bregman's Likely Story and Buddy Patrick's Windy Hill Pictures.[1]

References

  1. 1 2 3 Siegel, Tatiana (August 31, 2015). "Jeremy Renner Inks Multi-Year Producing Deal With PalmStar Media (Exclusive)". The Hollywood Reporter. Retrieved February 5, 2016.
  2. ↑ "Kevin Frakes - Producer". Focus Features. Retrieved February 5, 2016.
  3. ↑ https://variety.com/2010/film/markets-festivals/zellweger-ready-for-pillage-1118020021/}
  4. ↑ Fleming, Mike Jr (July 24, 2017). "PalmStar Media Closes Near $12M National Lampoon Deal; Can Laugh Brand Regain Luster?". Deadline Hollywood. Retrieved July 25, 2017.
  5. 1 2 McNary, Dave (October 22, 2014). "PalmStar Media, Basil Iwanyk's Thunder Road Set $200 Million in Annual Financing Deal". Variety. Retrieved February 5, 2016.
  6. ↑ Fleming, Mike Jr (February 20, 2015). "Dylan Sellers Sets Rivers Edge Films Shingle With PalmStar Media Backing". Deadline Hollywood. Retrieved February 5, 2016.


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