Peter Elson's foreign salesand distribution outfit Global Cinema Group is teaming up with Dale and GrantBradley's New Zealand-based financing and production house Daybreak Pacific tofinance, produce and distribute features.
Global will handle worldwidesales and distribution for Daybreak's slate, while the latter will provideGlobal with a flow of product.
Global will bring twoDaybreak productions to Cannes - the $25m action adventure High Tide, which Dale Bradley is set to direct this autumn,and the $18m in-production family adventure trilogy Treasure Island Kids, which stars Randy Quaid, Niko Vella and SashaTilley.
In addition two Globalacquisitions - Chris Terrio's comedy of manners Heights, which Sony Pictures Classics bought for domesticrelease in January, and AW Vidmer's gambling drama High Roller: The StuUngar Story - will receive theirmarket debuts.
Global intends to representapproximately ten films a year across a range of genres, with Daybreakarranging financing on all films that come under the partnership and producingup to four films a year in the $15m-$25m budget range.
As part of the deal Daybreakand Global will have the option to respectively produce and distribute films independentlyof the agreement.
Global has hired Mark Huljichas senior vice president. Huljich, who recently relocated from New Zealand, isalso an executive producer for Daybreak and will work on all aspects of foreignsales.
"With Dale and Grant'sexperience both as producers and financiers and their specific expertise inco-productions, Daybreak will enhance Global's sales slate and providedistributors with more commercial mainstream projects," Elson said in astatement.
"New Zealand has establishedone of the most exciting film industries in the world for film-makers andproduction and Daybreak has played a major role in this."
"Peter's solid relationshipsand experience in all aspects of foreign sales and distribution complementDaybreak perfectly," Grant Bradley said. "Having these elements already in placewill open up opportunities for Daybreak that would not exist otherwise."
The Bradleys have beenproducing and financing picture for more than 20 years and established DaybreakPacific with Visionary Entertainment Limited in 2002.