Dentons, Paisner take lead roles in film company sale
Legal week reports
February 16, 2000 at 07:03 PM
2 minute read
Denton Wilde Sapte and Paisner & Co advised on the sale of Hammer Film Productions to a private investment consortium of media magnates poised to bring the company's films back to TV screens.
Dentons media and technology partner, Michael Ridley, advised Hammer including its main shareholder Roy Skeggs. The company has been a client of the firm for more than 30 years.
On the other side, Paisners media partner Jonathan Cameron led the team advising the consortium, which includes advertising guru Charles Saatchi. He won the work through his reputation in media law.
Under the terms of the deal, the consortium has entrusted the management of the company to Terry Illot and Peter Naish, partners in Bridge Media, the film management company that co-ordinated the acquisition. They will take charge of the Hammer library, which includes 179 films, 29 shorts and documentaries, and six TV series.
Dentons also negotiated a clause for Skeggs to retain the original boots from the film The Curse Of Frankenstein.
Cameron said the deal was interesting because it showed how media deals were "becoming increasingly corporate".
Other advisers were Forsters property partner Craig Eadie, who acted on third party interests, and Howard Kennedy corporate partner Brian Eagles who advised Barclays Bank on finance.
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