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Octane to sell Green Dragons

IM Global’s genre label will fully finance Hong Kong director Andrew Lau’s Revenge Of The Green Dragons. Martin Scorsese will serve as executive producer.

Lau, IM Global CEO Stuart Ford and Ara Katz will produce alongside Allen Bain and Jesse Scolaro of New York-based 7th Floor Productions.

The producers have targeted an April start on Revenge Of The Green Dragons, a crime saga about immigrant brothers who rise to the top of a New York gang.

IM Global’s Deepak Nayar and Steve Squillante join Scorsese on the executive producer roster with Michael Bassick and Artfire’s Art Spigel.

Michael Di Jiacomo’s screenplay is based on a New Yorker article by Frederic Dannen.

Ford and svp of business and legal affairs Elizabeth Powell negotiated the deal for IM Global with Bain and Scolaro represented by attorney Iddo Arad at Frankfurt Kurnit Klein & Selz.

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