Ambitious Wu’s Seven Stars Film Studios has created a joint venture with Lin to create a feature slate in the first of three multi-million dollar collaborations with leading filmmakers that Seven Stars expects to unveil in the coming weeks.
The move comes in the wake of the $800m Harvest Seven Stars Media Fund set up by Harvest Alternative Investment Group and Wu’s Sun Redrock Investment Group. The fund is hungry for product and will license the films that emerge from Perfect Storm for its distribution platforms, some of which will be Chinese co-productions.
Troy Craig Poon will serve as president of Perfect Storm and supervise the company’s creative efforts. The slate will aim to deliver two to three films a year from blockbuster to specialised fare.
Lin and Poon first worked together on the Sundance premiere Better Luck Tomorrow, which Lin wrote and directed and Poon acquired while at MTV Films.
“We are extremely pleased to be in business with Justin Lin,” Wu said. “He is one of the most successful filmmakers of his generation and this collaboration illustrates our joint vision for investment in Asian filmed entertainment, which has international reach and synergy with our stakeholders.”
“Perfect Storm Entertainment is an exciting new project for me and we are excited to seize upon creative opportunities to collaborate and produce films for audiences across all markets,” Lin said.
“The partnership with Seven Stars Film Studios and the Harvest Seven Stars Media distribution platform provides us with an amazing opportunity to consistently develop and create dynamic content.”
Perfect Storm will work closely with Lin’s production company Barnstorm, which has a first look deal with Universal.