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Kohlberg, Kaplan launch Essential Pictures with seven pictures

Essential Entertainment co-founder Jim Kohlberg and producer Neil Kaplan have launched sister company Essential Pictures to develop, package, finance and produce films and have unveiled a maiden slate of seven titles.Essential Pictures is backed by a separate equity pool from the source that partially funds Essential Entertainment and plans to make two to three films a year in the $10-40m budget range and is seeking product from scripts to books and pre-production galleys.

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