Yoram Globus' New Movie Venture Nabs $50M Finance Deal, First Project (Exclusive)

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Yoram Globus

Running Cannon Films with his late cousin Menahem Golan during their 1980s heyday, Globus produced such films as 'The Delta Force,' the 'Death Wish' sequels, 'Masters of the Universe' and 'Bloodsport.'

Yoram Globus, the former president of The Cannon Group and MGM, has secured a $50 million movie slate financing deal for his latest production venture, Rebel Way Entertainment.

The first project set to come from Rebel Way is Tension, a thriller to be directed by Saw horror franchise helmer Darren Lynn Bousman. Black Tulip Asset Management, a Miami-based alternative asset management firm led by financiers Benoit P. Pous Bertran de Balanda and Oliver Gilly, will help fund the Rebel Way slate of thriller and horror films, to be produced as well by Ori Globus, Yoram's son.

Written by Scott Milam, Tension follows a group of four friends participating in an extreme immersive horror experience on Halloween, as what was supposed to be a twisted game of manipulation turns to a horrific night of terror. The movie, which is in preproduction, is an adaptation of The Tension Experience, a live theater immersive adventure created by Bousman, Gordon Bijelonic and Clint Sears. Bousman, who is in postproduction on the reboot Saw 9, starring Chris Rock and Samuel L. Jackson, is set to direct Tension next year.

Rebel Way will work with other established filmmakers to develop, produce and distribute movie and other media content to the global market. The venture's film development slate includes The Boxer, a film based on a novel by Nathan Shapow, Bob Harris and Mike Shapow; and a feature adaptation of the Netflix documentary The Shadow of Truth, written by Ari Pines and Yotam Guendelman.

Globus and his cousin and partner Menahem Golan, who died in 2014, ran Cannon Films for a decade, releasing more than a dozen films a year in its prime. They bought the ailing company, which was launched in 1967, for $500,000 in 1979 and fueled an appetite for B-films that was created by the invention of the VCR.

For a time, Cannon was on the brink of becoming the seventh Hollywood major studio. Hilla Medalia's documentary The Go-Go Boys recounted Golan and Globus as the prolific Israeli duo behind Cannon Films, where they signed talent like John Cassavetes, Robert Altman, Roman Polanski, Barbet Schroeder, Andrei Konchalovsky, Franco Zeffirelli, Norman Mailer and Jean-Luc Godard to make movies.

Globus has produced over 350 features films, including such titles as Barfly, Runaway Train, Cobra, Bloodsport, Missing in Action, Superman IV, Death Wish, Cry in the Dark, Breakin’ and Ninja. With Yoram Globus as chairman and Ori Globus as president-CEO, Rebel Way is also managed by William Garcia, executive vp development & production and COO; Roy Lev, executive vp business affairs; Meredith Hight, CFO; and Gianni Biasetti Sr., vp production.