Handmade Films Reports Better-than-expected Cannes Results
HandMade PLC, the British film company founded by the late Beatle George Harrison, outfaced a falling London Stock Exchange Thursday as it posted a 5.2 percent gain on a report that it had returned from the Cannes Film Festival last month with more than $50 million in sales, more than twice its target. Topping the list of new films sold at Cannes was a planned U.S. remake of the 1980 British gangland feature, The Long Good Friday, which Harrison was credited with rescuing after it failed to find a distributor. Sony Pictures Entertainment reportedly acquired North American rights to the movie, to be directed by Paul W. Anderson (Alien Vs. Predator, Resident Evil) at Cannes for an undisclosed amount.