| RKO to remake horror titles |
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| Written by Joseph B. Mauceri | |
| Friday, 01 February 2008 | |
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{Variety} - Days after signing an interim agreement with the Writers Guild, RKO has launched Roseblood Movie Co., a subsidiary that RKO topper Ted Hartley said will remake eight classic horror films churned out by Val Lewton when he headed RKO's low-budget horror unit in the 1940s. More than one option  "The launching of the Roseblood Movie Co. was the motivating force behind our making an agreement with the Writers Guild," Hartley said. "We've got other projects at RKO, but we needed to get going on this. The most successful ROI in the movie business comes from scary movies that get wide release and cost under $10 million. We've studied it extensively for our stockholders and investors and we saw the opportunity to take the rich Val Lewton library of scary thrillers and create a unique company out of it." The moniker is a play on words from the reveal of "Citizen Kane," the biggest title in the RKO library for which Hartley owns remake rights. He said RKO will put some money in the films and is arranging other financing. Hartley said the program of films will be made over 24 months, and the first one will begin production in the fall. No distribution has yet been set. LINK THIS ARTICLE             |
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