 In 1989, he became the second major stockholder chairman and CEO of Cannon Pictures Inc. (USA).In 1990 Assonitis assigned to Universal Pictures the remake of the European classic "Scent of a Woman", which was released worldwide in 1993, starring Al Pacino and directed by Martin Brest.Since his resignation as CEO of Cannon Inc., Assonitis has produced six films, become President of Titan Inc (USA), Titan Serendib Inc (Malaysia and Sri Lanka), Ka Film Investment (KFI) (Rome) and stockholder of Buskin film (Rome).