Hugh Jackman is set to star in Michael Mann’s racing drama “Ferrari,” about Ferrari (NYSE:RACE) founder Enzo Ferrari.
STX will be handling international sales at the Cannes virtual market, and CAA Media Finance arranged the financing and is representing US rights.
Mr. Mann will give a presentation for buyers Tuesday.
STX will distribute the film in the UK and Ireland, with Amazon eyeing certain international rights. Principal photography is anticipated to start in Spring 2021.
The script, based on Brock Yates’ book “Enzo Ferrari – The Man and the Machine,” and originally written by the late Troy Kennedy Martin (“The Italian Job”), has been reworked by Mr. Mann.
The film is set in Y 1957 when Ferrari’s life, both on the track and at home began to fall apart. The company, he and his wife Laura had built was struggling and his stormy marriage had been rocked by the death of their son, Dino, and his affair with mistress Lina Lardi, with whom he had a 2nd son, Piero.
Meanwhile, Ferrari was preparing for a gruelling and dangerous race across Italy, the Mille Miglia.
“During the dangerous race, Laura will discover long kept secrets, opportunities will rise and fade, and drivers, like surrogate sons, will push beyond the edge,” according to an STX statement.
“‘Ferrari’ is the story of one summer in 1957 when all the dynamic forces in Enzo Ferrari’s life – as combustible and volatile as the racecars he builds – collide,” adding. “Mann will bring his passion for the extraordinarily vivid characters and the dangerous world of motor racing in the 1950s to create an epic, cinematic experience.”
Mr. Mann will produce through his production company Forward Pass, along with “Birdman” producer John Lesher, Lars Sylvest, Thorsten Schumacher, Gareth West and Niels Juul.
Our overall technical outlook is Bullish in here, as all Key indicators are Bullish to Very Bullish as it approaches its all time highs at 179.21 marked on 18 February 2020.
Ferrari (NYSE:RACE) finished Friday at 168.21, -0.37 in NY.
The Maranello Outfit’s shares were raised to Buy from Hold at HSBC.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I have called it at it at 200+/share long term, adjusting it to 200/share short term (after the virus) and siding with BAML to 230 long term for now. The stock is now considered defensive in the sector.
Have a healthy week, Keep the Faith!