eOne inks output deal with Steven Schneider and Adi Shankar
Producers of Paranormal Activity and The Grey to deliver two micro-budget genre titles annually.
eOne has signed a multi-year film and TV output deal with Paranormal Activity 1, 2, 3 and Insidious producer Steven Schneider and The Grey executive producer Adi Shankar. The pair will deliver the films under their Room 101 banner.
Under the terms of the deal, 101 will deliver on average two premium micro-budget genre titles annually. The projects are expected to be high-concept and filmmaker-driven, and will encompass both acquisitions and original productions. eOne will finance, co-produce, and distribute globally, with the exception of the US where distribution will be handled on a per-project basis.
Benedict Carver, SVP of Filmed Entertainment at eOne, will oversee the Room 101 slate for the studio.
“With a number of exciting and high-profile genre movies already in the works, Room 101 has established itself as a tastemaker and trend-setter in the creative community,” said Patrice Theroux, eOne’s President of Filmed Entertainment. “With this co-financing venture, we are taking a more global approach to films; allowing all of our territories to distribute the slate and providing our international sales teams with highly-commercial pictures for distribution around the globe.”
“Room 101 is committed to nurturing its relationships with gifted filmmakers, with an eye towards finding, developing, and producing high-quality fare at the micro-budget level,” said Schneider. “We look forward to collaborating with Patrice, Lara, Benedict, and the entire eOne team as they bring to bear a unique knowledge and expertise when it comes to the international film and TV marketplace.”
“The goal is for Room 101 to become a haven for talented, genre-oriented filmmakers,” Shankar explained. “Here they’ll be provided the opportunity to craft innovative, visceral, and commercially viable projects. Paranormal Activity, Insidious, and The Devil Inside each caused tectonic shifts in the micro-budget film landscape. Going forward, Room 101 is committed to evolving the micro-budget space even further.”