New York-based AtlanticOverseas Pictures and Budapest-based EuroCo Productions are partnering up toco-produce a slate of films kicking off with Holocaust love story The FlowerOf The Fence starring RichardDreyfuss and Maia Morgenstern.
Written by Atlantic Overseaspresident Harris Salomon and Matt Salzberg, the film tells the real story ofHerman Rosenblat who found his soulmate in the concentration camps of NaziGermany. The companies plan to start production in late 2007 in Hungary.
Salomon and EuroCo presidentGabor P Koltai put the financing package together for the slate of films usingthe new Hungarian tax credit and financing from central European bank OTP Bankalong with private US-based investors.
"The creative financing planis one of a kind and will mark the start of a slate of films using money fromboth Hungary and Hollywood," said Koltai in a statement.
Also in development throughthe scheme are an action film about 15th century Hungarian heroHunyadi called Hunyadi: The Sword Of God.