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CANNES DAY ONE ROUND UP

IEG CONFIRMS ALI DEAL WITH COLUMBIAInitial Entertainment Group (IEG) has confirmed that the deal between Columbia Pictures and IEG for Michael Mann's big budget boxing biopic Ali has been finalised, with IEG providing funds to finance the film against worldwide distribution excluding the US and Canada. IEG has been involved in the picture - now shooting - since last October, but CEO Graham King has only just concluded his deal on the film.

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