The LA-based producer and financier, In Toronto with Time Out Of Mind, has officially unveiled her new company and announced the upcoming feature Swiss Army Man.

Filmmaking duo The Daniels will direct and Bailey will produce with Cold Iron Pictures’ Amanda Marshall and Blackbird Films’ Lawrence Inglee and Jonathan Wang.

The privately backed Cold Iron Pictures will finance the film, a Sundance Lab project from the summer that has been scheduled to shoot in November. ICM Partners is handling US sales.

Cold Iron Pictures has just premiered Oren Moverman’s Time Out Of Mind (pictured) starring Richard Gere in Toronto, on which it served as producer and financier.

Bailey, who previously ran Ambush Entertainment with Matt Leutwyler, is also lining up Diary Of A Teenage Girl starring Kristen Wiig and The Bitch Posse, which Catherine Hardwicke will direct.