Miramax's Ron Tutor Headed to Cannes Without David Bergstein
The investor's festival plan is consistent with his recent efforts to distance himself from his onetime partner.
Miramax Films investor Ron Tutor will again be attending the Cannes Film Festival, though he will be heading to France later this month without a former friend and partner who has joined him in years past: David Bergstein.
And the absence of the beleaguered film financier in Tutor's plans extends beyond the film festival.
"No, David Bergstein will not be joining me in Cannes or anywhere else," said Tutor in an email interview with The Hollywood Reporter.
Tutor's sans-Bergstein Cannes plans are consistent with an effort he has made in recent months to distance himself from his onetime partner.
Bergstein has no official role in Miramax, which Tutor and other investors acquired from Disney for $663 million in December. Other major investors include Tom Barrack, CEO of private equity firm Colony Capital, and actor Rob Lowe.
Calling the festival a decade-long tradition of his, Tutor said that he enjoys "both the social and business aspects of Cannes and connecting with the business to the extent you can amidst everything else going on."
The construction business tycoon is expected to stay on his personal yacht, as he has done in previous years. The festival begins May 11.
Tutor, who is also CEO of Tutor Perini, a publicly traded general contracting firm, remains locked in a handful of legal matters with Bergstein. Since late 2009 the pair has been involved in a lawsuit brought by an entity related to defunct hedge fund D.B. Zwirn & Co., which is seeking roughly $108 million for the repayment of personal guarantees made by Tutor and Bergstein. Though the pair is reportedly in negotiations to settle the lawsuit, an arbitration hearing in the matter is set for May 9.
Also, there's the matter of the involuntary bankruptcy of five companies, including ThinkFilm and Capitol Films, which Bergstein controlled and Tutor partly owned at one point. Last month the case made headlines when a trustee's report detailing the interlocking businesses of Bergstein and Tutor's role in the operation was released. The federal bankruptcy court judge in the case quickly resealed the report after an emergency request by Bergstein, but later unsealed it, once again making the document available to the public.
Last month Tutor and Bergstein settled a lawsuit brought by Aramid Entertainment Fund, which sought roughly $17 million that the pair had guaranteed in loans and other transactions involving several films.
Bergstein did not immediately respond to an email seeking comment about his Cannes plans.