Two-yeard deal for development fund will cover four to eight projects annually.

FilmNation Entertainment and Faliro House Productions, backed by Greek film financier and producer Christos V. Konstantakopoulos, have struck a two-year development fund deal, announced here in Berlin today and effective immediately.

The companies expect to use the fund to develop four to eight projects annually, all of which will be financed under FilmNation’s existing credit facility.

The companies said the deal will allow FilmNation to further expand its strategy of acquiring early-stage, high-profile properties in development, while also broadening Faliro House’s slate with marquee titles for the international marketplace.

“It’s an honour when a man like Glen Basner asks you to partner up,” said Faliro House President Christos V. Konstantakopoulos, who has previously backed films including Before Midnight and Only Lovers Left Alive.

“This will greatly help our goals in Greece and abroad and we very much look forward to working with Glen and all the wonderful citizens of FilmNation.”

“We are thrilled to be collaborating with such a well-respected producer and financier as Christos and his company Faliro House,” added FilmNation CEO Glen Basner [pictured].

“[Konstantakopoulos’] exceptional taste in film aligns perfectly with FilmNation’s already existing slate and the support of this fund will greatly contribute to the success of future projects.”