The Film Finance Corporation (FFC) has agreed to invest in two new Australian films, the 1960s drama December Boys to be directed by LA-based Rod Hardy, and the low-budget digital horror film Wolf Creek, by first-time writer/director Greg McLean.

December Boys has been adapted from Michael Noonan's novel by Marc Rosenberg and follows what happens when four orphans on a holiday by the sea learn that two families are considering adoption. It will be a Becker Films production, produced by Richard Becker (The Real Macaw) and released in Australia by the company's distribution arm REP. Other sales and distribution entities attached include MBM and Aura Entertainment.

Wolf Creek, set in the remote and inhospitable Australian outback, is described as in the tradition of The Blair Witch Project. McLean and David Lightfoot are the producers and the executive producers are Martin Fabinyi, Gary Hamilton, George Adams, Matt Hearn and Simon Hewitt. Arclight and Mushroom will be jointly handling the Australian release of the GMF production and Arclight will act as international sales agent.

The FFC also reconfirmed its commitment to writer/director Ann Turner's Irresistible, which got a green light back in July and is also being represented internationally by Arclight. The producers are now David Parker, Tatiana Kennedy and Franziska Wagenfeld, and Sue Maslin, Michael Cowan, Gary Hamilton are the executive producers. Palace, Momentum and Blue Star remain attached to the drama about a woman being stalked.