Creativity driving CP global growth

May 01, 2008 A case in point is CP Productions, the partnership headed by Michael Cerenzie and Christine Peters, which is based at Paramount with a traditional first-look studio deal but is also active as an independent production company that is securing financing from domestic and international sources. On the heels of its recent deal with Ghostrider Entertainment to co-finance 10 thrillers over the next three years with budgets ranging from $8 million to $20 million, CP has also assembled major money to fund production of bigger, broader-appeal films and is tapping into new sources of content for its production pipeline, including the Japanese comic books known as Manga, other Japanese anime, video games, graphic novels and hit Asian movies that are ripe for remaking. "After Christine and I formed our company, what we decided to do was also keep the trend of what I was doing independently in the finance world and just expand upon that so that we're in a position to co-finance and finance properties up to 50 percent or in their entirety and then do rent-a-system or distribution deals with the studios," Cerenzie told me.

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