Olivia Cooke And Jamie Bell To Lead Italian-Set Romance ‘Takes One To Know One’, Cornerstone & CAA Media Finance Launching At Cannes

Nick Vivarelli International Correspondent The Johnny Depp-directed film “Modì,” about Italian artist Amedeo Modigliani, has secured a distribution deal in Italy, where it will be released by emerging production/distribution player Be Water. Above is a first-look image from the set of the film, which is now in post.

Nick Vivarelli International Correspondent The persistent vibrancy of Italian cinema, despite increasing financing difficulties, is undisputable if you look at the range of the country’s current output and what’s percolating in the pipeline. It spans from highly sophisticated new works by maestros such as Paolo Sorrentino and Luca Guadagnino to crassly commercial global megahits like Netflix Italy original “The Tearsmith” and promising fresh fare from Cinema Italiano’s next generation.

Nick Vivarelli International Correspondent Italy’s film industry is fighting to stay vibrant amid disruption caused both by politics and market forces.After reaping the rewards of a protracted growth spurt, local producers are facing a forced slowdown as the country’s right-wing government dithers with modifications they plan to make to several key regulations, most significantly to the country’s currently stalled tax incentives for film and TV production. At a packed protest event held in early April at Rome’s Cinema Adriano multiplex, industry figures from all sectors – including producers, writers, actors and big-name directors such as Paolo Sorrentino and Marco Bellocchio – lashed out against having to wait endlessly for the culture ministry to approve new guidelines so production companies can apply for the 40% tax credits that basically drive the business.

Jennifer Maas TV Business Writer Microsoft‘s Activision has launched a new internal, standalone studio with one mission: creating a new narrative-based and genre-defining AAA franchise. Titled Elsewhere Entertainment, the studio will be headquartered in Warsaw, Poland, with additional staff in the United States.

Mediawan CEO Pierre-Antoine Capton into France’s Legion of Honor last October, calling the exec “the ultimate French success story.” In a country rarely known to promote social mobility, Capton-esque career trajectories are scarce. A self-made entrepreneur born into a middle-class Normandy family, Capton began his professional life as a teen with an entry-level internship, eschewing elite universities, making the exec a rare bird among France’s top media execs.

Imax has committed screens around the world to show Francis Ford Coppola‘s magnum opus “Megalopolis,” the company’s CEO Richard Gelfond confirmed at a Cannes Film Festival event on Thursday. The film’s trailer, which debuted on Tuesday, said that “Megalopolis” would be coming to Imax theaters this year — but it was not specified that the release would be global. The run-up to the premiere of Francis Ford Coppola’s self-financed epic at Cannes on Friday has been filled with anticipation and controversy, partly because “Megalopolis” has yet to secure a U.S.

Megan Thee Stallion has officially launched her Hot Girl Summer Tour and the set list is now available!

Nick Vivarelli International Correspondent European powerhouse Mediawan has appointed Italian film and TV producer Carlo Degli Esposti – who is founder and chief of its Rome-based Palomar shingle – as a member of its board of supervisors and strategic committee. Degli Esposti in his new role will be involved “in all strategic decisions” at Mediawan, a statement said, adding that he “will make his experience available to the group’s activities in the Italian market and, in particular, for future development operations and acquisitions in this important European territory.” Mediawan, which is a global production conglomerate comprising more than 85 labels around the world — it recently announced its acquisition of German production-distribution outfit Leonine — is clearly in expansion mode in Italy where, besides Palomar, they are in final stages of acquiring a 51% stake in Our Films, the new company being launched by prominent producers Mario Giananani and Lorenzo Mieli after their recent exit from the Fremantle fold.

EXCLUSIVE: Ryan Phillippe (Shooter) and Kate Beckinsale (Underworld) are leading thriller The Patient, which is launching in the Cannes market with International Film Trust.

Nick Vivarelli International Correspondent New Italian media company Be Water – which is in Cannes for the first time – has announced its full roster of partners and scope of business activities comprising film, documentary and scripted TV production as well as theatrical film distribution, podcasts and live events. The Rome-based potential powerhouse is operating with what is being described as a holistic approach to content production that is congenial to the digital age, which is certainly a novelty for Italy.

Leo Barraclough International Features Editor Sam Claflin (“Daisy Jones & the Six,” “Peaky Blinders,” the Hunger Games franchise) and Rupert Friend (“Asteroid City,” “Obi-Wan Kenobi,” “Homeland”) will star in the World War II action thriller “Perdition” from writer-director Henry Dunham (“The Standoff at Sparrow Creek”). Basil Iwanyk and Erica Lee will produce for Thunder Road Pictures, whose credits include the John Wick franchise, with Claflin executive producing.

Alex Ritman Writer-director S. Craig Zahler (“Bone Tomahawk”) is set to reunite with his “Dragged Across Concrete” and “Brawl in Cell Block 99” star Vince Vaughn and Oscar winner Adrien Brody (“The Pianist”) for upcoming crime thriller “The Bookie & the Bruiser.” Anton will introduce the film to international distributors at the upcoming Marche du Film in Cannes. UTA Independent Film Group and Range Media Partners arranged the financing and will be representing the North American distribution rights.

Elsa Keslassy International Correspondent Oscar-winner Cate Blanchett is set to star as the leader of the “Alpha Gang,” an alien invasion comedy by “Sasquatch Sunset” filmmakers David and Nathan Zellner. The hot package will be launched at Cannes by MK2 Films (“Anatomy of a Fall”) handling international sales and CAA Media Finance handling North American distribution rights. “Alpha Gang” is set to start filming in the Fall.

Lexi Carson NewFilmmakers Los Angeles has released the nominees and jury for its 12th annual awards that recognize the top rising talent in independent film across the globe. This year’s awards will honor 130 nominees over 16 categories.

Olivia Colman and John Lithgow are leading Jimpa, a movie about a trans non-binary teenager visiting their gay grandfather from Sophie Hyde (Good Luck to You, Leo Grande), with Protagonist Pictures launching international sales at Cannes.

Vin Diesel is set to enter production on Riddick: Furya, the anticipated fourth installment of the Riddick franchise, on August 26.

Elsa Keslassy International Correspondent Sandra Hüller, the Oscar-nominated actor of “Anatomy of a Fall,” and four-time Academy Award nominee Willem Dafoe (“At Eternity’s Gate”) are set to co-star in Kent Jones’ “Late Fame,” reteaming “May December” co-screenwriter Samy Burch and producer Killer Films. One of the hottest packages set for a Cannes Launch, “Late Fame” has been boarded by MK2 Films which is hot off an Oscar win for “Anatomy of a Fall” and will represent worldwide sales outside of North America.

It’s already been a busy week for the upcoming Cannes film market, with new films from Julia Ducournau, Romain Gavras, and Panos Cosmatos entering the fray. But what about something lighter than those three, which, considering their directors, will all be audacious in their own ways? “Takes One To Know One” may fit the bill there, as Deadline reports that CAA Media Finance and Cornerstone have the upcoming romance ready for sales on the Croisette once the Cannes Film Festival gets underway in eleven days.

The Robin Wright (House of Cards)-led The Girlfriend has been ordered to series at Prime Video with Olivia Cooke (House of the Dragon), Laurie Davidson (Mary and George), and Waleed Zuaiter (Gangs of London) also set to star. The series, to be directed by Wright, is based on Michelle Frances’ novel of the same name.

Joe Otterson TV Reporter Amazon Prime Video has ordered a series adaptation of the Michelle Frances novel “The Girlfriend” with Robin Wright set to star and direct, Variety has learned. In addition, Olivia Cooke (“House of the Dragon,” “Sound of Metal”), Laurie Davidson (“Mary and George”), and Waleed Zuaiter (“Gangs of London”) will star alongside Wright. The official description of the series states: “Laura (Wright) wants for nothing.