The Goldcrest Group has announced the formation of a new division, Goldcrest Features. The new company will integrate the production process for independent filmmakers from pre-production through post-production and delivery, all under one roof. Goldcrest Features' mission is to co-produce as many as seven films a year, with budgets ranging from $5 million to $15 million. The company is currently finishing the shoot of "The City of Your Final Destination" for Merchant Ivory Pictures. [Brian Brooks]