Kevin Frakes
| Kevin Frakes | |
|---|---|
| Born | Kevin Scott Frakes May 17, 1978 |
| 🎓 Alma mater | Yale University |
| 💼 Occupation | |
| 📆 Years active | 2004–2018 |
Kevin Frakes is an American film financier. He is the CEO of PalmStar Media, which he co-founded in 2004. Under the PalmStar banner, he has financed over 40 films.
Early life and education
Kevin Frakes received his Bachelor's Degree from New York University before receiving his MBA from Yale University in 2004.
Career
Kevin Frakes founded PalmStar Media Capital in 2010. Frakes immediately became the CEO.[1] Under his PalmStar banner, Frakes and PalmStar have financed more than 40 films. In July 2017, Frakes and PalmStar purchased all the assets of National Lampoon, Inc., including trademark and library of print, audio, movie, and video content.[2]
Box Office Success
Over his career, Kevin Frakes became known for financing films that performed exceptionally well at the box office. In 2013, Frakes financed The Frozen Ground which grossed $5.6M at the box office off of a $27M budget.[3] In 2016, he financed Term Life starring Vince Vaughn, which grossed $244k off of a $16M budget.[4] In 2018, he financed The Catcher Was A Spy starring Paul Rudd which grossed $954k off of a $14M budget.[5]
Hereditary Final Cut Battle
In 2018, Frakes financed Ari Aster's film Hereditary. In a 2023 Deadline article, producer Lars Knudsen claimed that Aster got into a battle with an unnamed financier over the final cut of the picture.[6] Knudsen stated that the financier originally hired him. Frakes was revealed to be the financier in a different interview that Knudsen conducted with The Mandy Network.[7]
Legal Issues
In 2014, Kevin Frakes filed a lawsuit, claiming that the casting of Ben Affleck in The Accountant was the result of a conspiracy.
In 2018, Kevin Frakes was sued by Rick Kaplan and Investigative Media Group Inc. This case was filed in New York County Courts, Supreme Court Civil Term located in Washington, New York. The Judge overseeing this case is Gerald Lebovits. [8]
In 2020, Kevin Frakes sued National Lampoon's former president Evan Shapiro for fraud, alleging in New York federal court that he owes more than $3 million for surreptitiously funneling the company's intellectual property and money from deals with Quibi, Disney+ and Comedy Central Digital into companies he controls. Shapiro later claimed that Frakes bullied him out of a job. [9]
References
- ↑ McNary, Dave (June 1, 2010). "Zellweger ready for 'Pillage'". Variety.
- ↑ Fleming, Mike Jr (July 24, 2017). "PalmStar Media Closes Near $12M National Lampoon Deal; Can Laugh Brand Regain Luster?". Deadline Hollywood. Retrieved July 25, 2017.
- ↑ Mojo, Box Office (2013). "The Frozen Ground Box Office Mojo". Box Office Mojo. Retrieved July 25, 2017.
- ↑ Mojo, Box Office (2016). "Term Life Box Office Mojo". Box Office Mojo. Retrieved July 25, 2017.
- ↑ Mojo, Box Office (2018). "The Catcher Was A Spy Box Office Mojo". Box Office Mojo. Retrieved July 25, 2017.
- ↑ Grobar, Matt (2023). "Beau is Afraid Producer Lars Knudsen On The Hereditary Final Cut Battle". Deadline Hollywood. Retrieved July 25, 2017.
- ↑ Collins, James (2018). "Hereditary Producer Lars Knudsen On His Career". Mandy. Retrieved July 25, 2017.
- ↑ Court, Uni (2018). "Investigative Media Group, Inc. et al v. PalmStar Media Capital LLC et al". UniCourt. Retrieved July 25, 2017.
- ↑ Law360, 360 (2018). "Ex-Nat'l Lampoon Prez Claims Execs, Attys Bullied Him". Law360. Retrieved July 25, 2017.
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