JuJuBee wrote:KC Films is named in the suit with the Ho. Two execs were let go in early April. The company is in turmoil over the recent string of box-office duds they put out, not all of which were Ho and StuPitt related, but still. A plagiarism suit is the icing on the cake to the disaster that was In The Land Of Made No Money.
I think you meant to say GK Films [Graham King]. This company has two of the brand's biggest supporters: King and TX oil billionaire Tim Headington. Yes, there was a shake up involving at least 3 top people. According to Nikki Finke who put as nice a spin on it as possible [she knows who it pays to flatter]:
SVP Grey Rembert was let go for the stated reason “she’s a books person and brought in great books, but having a books person is a luxury for anyone and especially for an indie company”. [The company recently hired Abby Ex as VP Production & Development from The Weinstein Co and she’s seen as Rembert’s replacement.] It is rumored GK Films will be hiring more physical producers soon and that the company. Rembert had been with Graham a long time: the former DreamWorks production executive was a lit specialist who joined King’s Initial Entertainment Group as VP of Development back in 2006. She was put in charge after GK Films acquired the feature film rights to the Lara Croft adventure Tomb Raider aiming for a 2013 release. She’s also the exec who brought Brian Selznick’s novel The Invention of Hugo Cabret into GK Films which lost a heartbreaking mint on Martin Scorsese’s 2011 big-budget 3D family fare Hugo.
COO Bahman Naraghi joined Graham King’s GK Films in 2008 in the newly created role of COO with the job of leading the Santa Monica-based company’s financial and operational development and to plan and implement the distribution structure. Naraghi reported directly to King and arrived from Netflix, where he had spearheaded that company’s push into acquiring and developing original content and played an integral role in establishing the now-defunct Red Envelope. The COO is supposed to be replaced.
So, Grey Rembert was let go.
COO Bahman Naraghi “mutually decided” to part ways, albeit reluctantly and only because Naraghi wanted to change careers and become a film producer.
The third is PR head Mic Kramer who just got a new job at Paramount so that’s the stated reason why he’s leaving.
GK Films also laid off 3 assistants: one is owner Graham King’s (“He has two assistants and decided he only needs one”), one was Rembert’s, and the third was Kramer’s.
There is a difference of opinion on whether there are more layoffs to come. Some sources are saying GK Films will be as active as ever under
Graham King and his business partner, Dallas oilman
Tim Headington. And that the company’s fortunes look brighter with these two biopics ahead: John Logan writing the Four Seasons musical Jersey Boys, and Sacha Baron Cohen starring in the Freddie Mercury biopic. That sounds like the usual spin.
GK Films has been inolved with the brand in some way for at least 6 films in the last 6 years: The Departed, The Tourist, ITLOB&H, World War Z, and a projected Lara CroftTomb Raider Reboot scheduled for a 2013 release although no filming has begun as yet. They also produced The Rum Diary, widely considered to have been part of the deal to induce Depp to do the Tourist.
by Guest » Sat Apr 21, 2012 8:28 pm 
