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Endpoint: Mutual Film Company

created on: 15/12/2015
by: dietvl (345)

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General info :

Mutual Film Company is the business name used by Mutual Film Company LLC, an American film production company based in Hollywood, California.
The company was founded by film producers Mark Gordon and Gary Levinsohn in 1994 under the name Cloud Nine Entertainment.
Mutual Film Company LLC is a former film financier that was involved in the co-production of feature films. Mutual Film Company LLC notably co-produced and financed several features films for Paramount Pictures and Universal Studios.

In 1994, film producers Mark Gordon and Gary Levinsohn established Cloud Nine Entertainment, a production company that would be involved in the co-production and financing of feature films.
The company opened its office at Raleigh Studios on Melrose Avenue near the Paramount Pictures lot in Hollywood, California.
Following Cloud Nine's establishment, the company created an international sales division, and finalized a multi-year equity partnership with four companies — the United Kingdom's BBC, Germany's Tele-München, Japan's Toho-Towa/Marubeni and France's UGC-PH. These four companies financed 60% (15% each) of the films' budgets, in exchange for distribution rights in their respective territories and equity stakes in the films on a worldwide basis.
The company's first film was 1997's The Relic.
Eighteen months after forming Cloud Nine, Gordon and Levinsohn renamed the company to Mutual Film Company LLC. The new name was meant to reflect the joint venture and the profits it would share with its international investors.
Mutual Film Company LLC notably financed films for Universal Studios and Paramount Pictures. On several occasions, films developed by Mutual Film Company LLC, such as Saving Private Ryan (1998) and The Patriot (2000), were financed by major studios.
In 2000, three of Mutual's partners, Tele Munchen Gruppe, BBC, and Toho-Towa, negotiated with a banking consortium led by Union Bank of California and secured a $200 million revolving credit line that would allow Mutual to produce and finance films without approval from a major film studio.
Lara Croft: Tomb Raider, released in 2001, became the second highest-grossing film produced by Mutual (after Saving Private Ryan), while its sequel, subtitled The Cradle of Life, underperformed. Mutual's investors left the company, citing the poor box office performances of the many films produced.
In June 2001, Gordon left Mutual Film Company LLC to form his own company, the Mark Gordon Company, Inc.
Film producer Don Granger joined the company, working alongside Levinsohn.