GigaPix Studios, the independent production studio led by executive David Pritchard and Polychrome Pictures/Gold River Entertainment run by Geno Taylor and Danny Rodriguez announced that they have inked a venture for financing, P&A and worldwide theatrical distribution of a “kid friendly” slate of five feature films. GigaPix Studios has arranged for production financing of approximately $6 million – $10 milion per picture, and Polychrome Pictures/Gold River Entertainment, is providing access to a revolving line of credit of up to $25 million per picture of P&A. The combined deal provides approximately $60 million – $80 million of production and distribution capital to the venture. Distribution outside the US will be handled by Media 8 Entertainment, who will handle all foreign sales. “In a world that grows increasingly complicated, we’re setting a course to create content that provides families’ comfort and enjoyment that will endure for a lifetime,” said GigaPix’s Kip Konwiser in a statement. The first picture on tap, “Blackbeard“, originally written by Sidney Bartholomew, is a fantasy about two brothers who stumble upon the ghost of Blackbeard. [Peter Knegt]
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