In conversation with Samuel Blumenfeld and Laurent Vachaud, De Palma said that Pressman "notably produced Phantom of the Paradise and Terrence Malick's first film, Badlands. I met Ed when I was in Los Angeles. Martin Ransohoff had refused to do Sisters, and I had just bought the screenplay from him! When he read it Ed immediately wanted to do it. He managed to find enough money, two hundred thousand dollars, to get the movie started. Then he continued fundraising while filming, and the budget eventually came to six hundred thousand dollars." As De Palma explained to Blumenfeld and Vachaud, Pressman-Williams was the production company Pressman had created with Paul Williams, who was not the songwriter who plays Swan in Phantom, but the "director of two films with Jon Voight. The Revolutionary and Out of it."

Pressman was an integral part of making those films with Williams, and continued that sort of passion with the films he went on to make with De Palma. "Ed's parents had a toy company," De Palma continued, "Pressman Toys, one of whose offices was located at 23rd Street and Broadway. Pressman-Williams had set up its headquarters there. I was working in their offices after the disaster of Get To Know Your Rabbit, and Paul Williams was still a director working at Warner whose film Dealing ended in disaster. Dealing was adapted from the first novel by Michael Crichton. He had written it with his brother Douglas when they were students at Harvard."

More to come on Ed Pressman this weekend, but here's a portion of the Variety article:

The fiercely independent producer had an impressive track record for discovering new talent, having worked with an array of notable filmmakers including Oliver Stone, Werner Herzog, Kathryn Bigelow, Rainer Werner Fassbinder, Alex Cox, Brian De Palma, Abel Ferrara, Terrence Malick, John Milius and Mary Harron.

Pressman shepherded De Palma’s early films “Sisters” and “Phantom of the Paradise,” as well as Malick’s directorial debut “Badlands” with Sissy Spacek and Martin Sheen.

His longtime collaboration with Oliver Stone started with the filmmaker’s directing debut “The Hand,” and Pressman met his future wife, actor Annie McEnroe, on the set of that film. Pressman went on to produce Stone’s “Talk Radio” and “Wall Street,” and the sequel “Wall Street: Money Never Sleeps.”

Pressman and Stone co-produced Bigelow’s early thriller “Blue Steel,” starring Jamie Lee Curtis.

One of the first producers to adapt comic books, such as “Conan the Barbarian” and “The Crow,” as well as films based on video games and toys, he also founded ContentFilm with John Schmidt to focus on digital production. 

Pressman’s upcoming projects were set to include the immersive VR experience “Evolver,” produced with Malick and Cate Blanchett, and the upcoming reboot of “The Crow” directed by Rupert Sanders with Bill Skarsgard and FKA Twigs.

Pressman was born in New York to Jack and Lynn Pressman, the founders of Pressman Toy. After studying philosophy at Stanford, he went to grad school at the London School of Economics, where he met director Paul Williams. The filmmakers came to Hollywood, where they secured a two-picture deal from United Artists.

Among his numerous honors were the Chevalier Des Arts et Lettres from the French government, the IFP Gotham Award for lifetime achievement, and tributes at the National Film Theatre in London, New York’s Museum of Modern Art, the Pacific Film Archives and the Brooklyn Academy of Music’s Cinematek. 

He is survived by his wife of 39 years, Annie McEnroe Pressman, and son Sam Pressman. Sam Pressman has worked for Edward R. Pressman Productions for the past decade and will continue producing films for the company in honor of his father.