Friday, January 08, 2016 2:57:08 PM
It was reported that Kassar also participated on Terminator Salvation (2009). However, it was later revealed that he and Vajna sold the franchise to Derek Anderson and Victor Kubicek of the Halcyon Group in 2007. Kassar received $30 million for the purchase.
The Hollywood Reporter announced on October 4, 2012 that Kassar was backing Schuyler Moore, who is helping raise $100 million for the Singapore-based Infiniti Media Fund.
This ones interesting because in case Carolco needs money, it reassures us that there will be no problem finding it. Also there's a chance we see a PR that Carolco has raised some large sum of money in the future.
On February 17, 2015, it was announced that Kassar had returned as chairman of the board of directors of the currently relaunched Carolco Pictures. "One of my greatest joys in life was being the chairman of Carolco Pictures … I am elated to return to that position, to produce the world’s greatest movies once again under the Carolco brand for my fans and people everywhere to enjoy," Kassar said.
"The major difference between now and then are the advances in technology and cinematography not previously available to Carolco Pictures 20 years ago," Kassar said. "Combined with these advances … the best movies I will ever produce are still yet to come." Alex Bafer, now Carolco Pictures’ CEO, said Kassar "is hands-down the world’s greatest producer of mega-hit films. We couldn’t be more excited than to have Mario return as the chairman of the board. Our goal now is to not only restore the Carolco brand back to its rightful place in Hollywood, but also to build an entirely new library of memorable films for today’s generation."
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