Eisner gets back into movies with Universal deal
Former Disney CEO Michael Eisner is getting back in the movie business.
The 70-year-old says that the media company he founded, The Tornante Company, will finance films that will be distributed by Comcast Corp.'s Universal Pictures.
The distribution deal will likely help Tornante raise outside financing.
There is no set number of films in the multi-year deal. Universal has similar arrangements with several production companies, including producer Joel Silver's Silver Pictures. This year, those arrangements resulted in just one film, "Pitch Perfect," which came out in September and grossed $62.6 million worldwide.
Eisner is best remembered for his leadership at Disney, where he was CEO from 1984 to 2005. Before that he was at Paramount Pictures.
Another Eisner company, Vuguru, has made shows for audiences online and overseas, including "The Booth at the End," a drama about a mysterious wish-granting man who sits in a diner. It plays on online video service Hulu.
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