From Variety.com: http://www.variety.com/article/VR1117989096.html?categoryid=13&cs=1
Producers team for 'Papillon' redo
No screenwriter or director is attached
New Spanish production shingle Atlantia Canarias is teaming with L.A. producers Branko
Lustig and John
The producers aim to finance the remake for the most part via tax-driven
investments from Spain's Canary Islands.
Headed by screenwriter-producer Vicente
Mora and Catalan producer Roger
Corbi, Atlantia closed a deal a few weeks back to option movie and TV rights
Charriere's autobiography, immortalized in the 1973 film starring Steve
McQueen and Dustin
Hoffman. Roger Corbi's father, DrimTim topper Manuel
Corbi, will produce.
Currently in the earliest stage of development, with no screenwriter or
director attached, "Papillon" will shoot in English on a budget of
about $90 million, Lustig said.
Roger Corbi added that 90% of the shoot, skedded for September 2009, will
take place in the Canary Islands.
According to Lustig and Roger Corbi, the bulk of pic's financing has already
been tapped from Canary Islands-based high net-worth individuals using the
Canary Islands' RIC (Reservation of Canaries Investment) tax investment vehicle.
Under the RIC system, taxpayers may earmark part of their payments for film
and TV investment, recouping before projects' producers.
To access RIC coin, at least 75% of a film's shoot must take place on the
"RIC currently has accumulated up to $6 billion in tax payments to go
into film and TV or other sectors," Corbi said.
Atlantia Canarias was launched in May in a presentation supported by the
Canary Islands government.
Atlantia is also collaborating with the government in the construction of
Atlantia Studios, a soundstage complex on the island of Tenerife, using
Studios will have two large, split-able soundstages, Lustig said.
Robert Downey Jnr tipped to star in Papillon remake
Hollywood is to remake Papillon, the classic 1973
prison-break film starring Steve McQueen and Dustin Hoffman as inmates of a
desert island colony.
The modern-day version of the hit movie is being developed by Branko
Lustig, the Los Angeles producer behind such films as Schindler's List and
The original film followed the real-life story of Henri "Papillon"
Charriere, played by McQueen, who was condemned to life in a penal colony in
Nominated for an Oscar and a Golden Globe, it follows McQueen's character
as he tries to escape the compound with fellow inmate Louis Dega, played by
The film has been held up as the definitive prison break film, providing
the inspiration for a string of movies, including The Shawshank Redemption
starring Tim Robbins and Morgan Freeman.
It is not yet known who will play the lead roles in the Hollywood remake,
but industry experts believe that Robert Downey Jnr and Philip Seymour
Hoffman could be in the running.
Nick James, the editor of Sight and Sound magazine, said: Steve McQueen
was in many ways the old fashioned action star, who was macho but cool, the
kind of male star we don't really have any more, even though Brad Pitt tried
to be a bit like McQueen.
"I could see Robert Downey Jnr playing the lead, he has a comical
edge but he is cool too, and he has a dark side which he can exploit. With
Dustin Hoffman's part, you need someone with the ability to be a chameleon,
such as Philip Seymour Hoffman."