“King Cobra” is “based on a true story” about a rivalry between two online porn video producers — played by Christian Slater and James Franco — feuding over a hot new “discovery” one of them controls.
With those leads, and Alicia Silverstone and Molly Ringwald in the cast for nostalgia value, you might expect this to get something resembling a better-than-token release.
But no. “Gay porn” means that IFC Midnight is the only distributor that would touch it. Well, that and it might not be that good.