February 11, 2011 (Berlin, Germany) – Writer/Producer/Director James Wan has closed an eight (8) picture deal with the Icon Entertainment International (IEI), it was announced today by Wan and Hugo Grumbar, Managing Director (International) for Icon, at the Berlin Film Festival.
Wan who is best known for creating and directing the first in the “Saw” franchise of films which have gone on to gross over $850,000,000 worldwide, will produce two (2) horror films a year under the agreement with Icon. Wan recently sold the film INSIDIOUS to Sony Pictures Worldwide Acquisitions Group at the Toronto Film Festival.
The first picture to be put through the slate is HOUSE OF HORROR, which is based on a story written by James Wan. Max La Bella wrote the screenplay. Javier Gutierrez (Before the Fall, A.K.A Tres Dias) is attached to direct with James Wan and Lee Clay producing.
“I wanted to have the creative freedom and the ability to work with really artistic film makers who can help me bring an original and innovative style of genre films to the public. Paradigm paved the way for this and we have chosen to partner with Icon who are a perfect fit for us,” Wan said.
Icon will handle worldwide sales for the titles and distribute in the UK through theatrical arm Icon Film Distribution. Paradigm and attorney David Fox rep Wan and Paradigm’s Motion Picture Finance Group will package and rep North American rights.
Here’s the official release detailing what Nikki reported back on October 11:
London/New York (November 01, 2010) – The Icon UK Group, owned by Access Industries, and The Weinstein Company (TWC) today announced a major new film finance/production fund. To be administered by Icon, the fund will focus on commercially viable films in the $5-20 million range and could potentially reach $100 million over its initial two-year period.
Under the terms of the deal, TWC will handle U.S. distribution for projects, Icon will handle UK distribution, with all other international territories split between TWC and Icon. Spearheading the fund will be Hugo Grumbar, President at Icon in the UK and David Glasser, TWC COO based in New York.
The two companies have a shared history and appreciation for a similar slate of films. Both have recently distributed such titles as Nowhere Boy (2009), The Box (2009), A Single Man (2009), and The Road (2009).
“I am excited to collaborate with such quality partners, who share a similar vision of producing independent film,” said Harvey Weinstein, co-chairman of The Weinstein Company.
Icon CEO Stewart Till said, “This is a great deal on two counts. Firstly, it fits our more aggressive acquisitions and production strategy, and secondly it’s a fantastic opportunity to work with a newly rejuvenated TWC.”
“As we witness the shuttering of independent film divisions at the studios, we see this collaboration of likeminded companies as a tremendous opportunity to embrace the numerous opportunities out there. Since our restructure, we are very proud of