Monied production company Ivanhoe Pictures was launched in Toronto earlier this year by Ivanhoe Capital Corporation principal Robert Friedland, GreeneStreet president and co-founder John Penotti, and Beijing-based Ray Chen, founder and chairman of Beijing Premiere Media Company. At launch, the company said it would finance and produce film and TV projects that have broad global audience appeal, initially seeding opportunities in America and Asia, focusing on China, India, Korea and Japan. Fox International Productions, which has a lucrative local-language business in Asia and elsewhere, is now teaming with Ivanhoe in a four-year, multi-picture co-financing deal for homegrown movies in India, Korea, China, Japan and Taiwan. The pact will kick off with Ivanhoe investing in 10 FIP-produced films in varying stages of production. The investment from Ivanhoe signifies the strength of FIP’s local-language business which is also active in Latin America and Europe. Here’s the release:
LOS ANGELES, CA (November 12, 2013) __ Fox International Productions (FIP), a division of 20th Century Fox Film, and Ivanhoe Pictures, the film and television company recently launched by international financier Robert Friedland, producer John Penotti and media executive Ray Chen, have closed a four year, multi-picture, co-financing deal for local language films in India, Korea, China, Japan and Taiwan. Ivanhoe’s initial allocation is $130 million. READ MORE »
EXCLUSIVE: Ivanhoe Pictures, the monied production company that launched in Toronto last month as a partnership between venture capitalist Robert Friedland, indie film vet John Penotti and Beijing-based Ray Chen, have found their first picture to stake. They are joining Color Force‘s Nina Jacobson and Brad Simpson to produce a feature based on Kevin Kwan’s comedic bestseller Crazy Rich Asians. Ivanhoe will fully finance.
Related: Global-Minded Monied Venture Ivanhoe Pictures Launched By Troika
Back when Color Force acquired the book, Jacobson said her intention was to get funding for it outside the studio system with a company that had Asian roots. That makes this a perfect fit. Published last June by Knopf Doubleday, Crazy Rich Asians tells the story of three wealthy pedigreed Chinese families whose predilection for gossip, backbiting and scheming reaches fever pitch when the heir to one of the most massive fortunes in Asia brings home his American-born Chinese girlfriend to attend the wedding of the season in Singapore. Color Force will oversee development with Ivanhoe’s Kelly Carmichael.
The author will be executive producer while Alexandra Machinist and Color Force’s Brian Unkeless are set to co-produce. Read More »
EXCLUSIVE: There is a new monied production company getting off the ground here in Toronto. Ivanhoe Pictures has been launched by Ivanhoe Capital Corporation principal Robert Friedland, GreeneStreet president and co-founder John Penotti, and Beijing-based Ray Chen, the founder and chairman of Beijing Premiere Media Company.
Ivanhoe Pictures will finance and produce film and TV projects that have broad global audience appeal. They will start by seeding production opportunities in America and Asia, focusing on China, India, Korea and Japan while they pursue English and local language films in a variety of global markets. In other words, they will become a buyer, quickly, as they raise their own slate. The company will be headquartered in Hollywood, with offices in Beijing and New York. Friedland is chairman, Penotti CEO/president and Chen executive vice president. Read More »