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EXCLUSIVE: FilmNation Leisure and ZQ Leisure have finalized a multi-year characteristic movie improvement fund deal.
The primary challenge to be developed underneath the initiative is Josephine Decker’s characteristic adaptation of Karen Russell’s 2011 Pulitzer Prize-nominated, best-selling novel Swamplandia!.
Decker is greatest recognized for her Berlinale and Sundance-selected options Madeleine’s Madeleine (2013) and Shirley (2020) in addition to the just lately launched The Sky Is All over the place Else for Apple TV+ and A24.
Russell’s Southwest Florida-set story follows the story of 13-year-old Ava Bigtree who, after an sickness befalls her mom, embarks out of her household’s Everglades theme park to piece her household again collectively.
Improvement on the characteristic is ongoing.
The brand new fund is the primary collaboration between the 2 like-minded firms and is meant to pay for the event of characteristic movies and create challenge co-financing alternatives.
The partnership will enable Glen Basner’s FilmNation to additional broaden its technique of buying early-stage, high-profile improvement properties.
On the similar time, it can broaden the movie slate of Ara Keshishian and Petr Jakl’s upstart improvement and manufacturing firm ZQ Leisure within the world market.
All initiatives are meant to be financed underneath FilmNation’s current credit score facility and can present the corporate’s manufacturing and financing arms with prolonged assets to develop its award-winning slate. The companions didn’t reveal the dimensions of the fund.
FilmNation is at the moment in manufacturing in Rome on Edward Berger’s Conclave, starring Ralph Fiennes, Stanley Tucci, John Lithgow and Isabella Rossellini.
The corporate additionally just lately wrapped manufacturing on Christos Nikou’s Fingernails, starring Jessie Buckley and Riz Ahmed, for Apple TV+.
Additional upcoming titles embody Rightor Doyle’s Down Low, starring Zachary Quinto and Lukas Gage, and Tayarisha Poe’s sophomore characteristic The Younger Spouse, starring Kiersey Clemons and Leon Bridges. Each movies will world premiere at SXSW (March 10-19).
Keshishian and Jakl’s ZQ Leisure introduced two high-profile movies within the lead-up to the EFM: God’s Nation, produced with Matt Reeves’ sixth & Idaho, and Locked, starring Glen Powell and Anthony Hopkins, with Sam Raimi Productions.
As well as, the corporate is in improvement with George Clooney and Grant Heslov’s Smokehouse Footage on the John Grisham novel adaptation Calico Joe in addition to on a Stephen King adaptation of his brief story Obits.
The corporate can be engaged on a slate of Stan Lee-created movies with Timur Bekmambetov, and Black Cotton Star directed by Reginald Hudlin
“We’re extremely excited to broaden the collaboration with our buddies and trusted companions at ZQ Leisure and develop our movie slate with an bold portfolio of recent and compelling initiatives,” mentioned Milan Popelka, FilmNation’s Chief Working Officer.
“FilmNation has set the usual for pedigree, style, and making nice movies throughout the worldwide market,” mentioned Jakl.
“We’re excited to be partnering with their total group to proceed to develop initiatives on the highest degree,” added Keshishian.
The deal was negotiated on behalf of ZQ Leisure by CEO Keshishian and CAA and FilmNation’s COO Milan Popelka and Common Counsel Alison Cohen.
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