Big First-Look Deal for Montecito

Ivan Reitman and Tom Pollock, principals of the Montecito Picture Company, have announced the formation of Cold Spring Picture LLC, a financial venture that will produce 10 movies per year with a first-look agreement at DreamWorks. The goal of the project is to continue to produce the type of successful comedies with which Reitman, Pollock, and Montecito have been associated in the past, such as Road Trip and Old School. The first Cold Spring film, Disturbia, has completed principal photography. The total value of the investment for Cold Spring, which was coordinated by Merrill Lynch and Société Général, is stated as approximately $200 million.

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