The Little Hours kicks off deal between Concourse Media and Productivity to fund between eight and 12 features.
Los Angeles-based finance and acquisition company Concourse Media has signed a deal with asset management firm Productivity Media Inc (PMI) to fund between eight and 12 features.
Concourse will serve as executive producer on what the company described as the “commercially-focused” films, structuring debt-financing and brokering domestic and international distribution rights.
Jeff Baena’s The Little Hours, which Concourse began selling internationally at Cannes and which is currently in post-production, is the first film financed and sold under the deal. Three additional projects are now being developed and packaged.
Concourse managing partner Matthew Shreder (pictured) said: “The PMI management team has expertise in both the entertainment industry and investment banking. Their unique background will enable us to create a strong slate of films together.”
PMI CEO William Santor added: “Partnering with Concourse Media is a powerful move in our joint growth strategy. Concourse’s ability to identify and manage experienced production teams with projects that are commercially viable on a global level is a huge asset.”
Headquartered in Canada with other offices in Los Angeles and London, PMI recently financed and executive-produced Born To Be Blue, starring Ethan Hawke, as well as The Little Hours, which stars Alison Brie, Aubrey Plaza, Dave Franco, John C Reilly and Molly Shannon.