China Film Co has put money into its first Hollywood films, paying what is believed to be in excess of an eight-figure equity investment in the pair of Legendary projects.
The deal is pursuant to the May 2013 framework agreement between Legendary East and China Film Co outlining the partners’ vision of producing commercial films for the global market.
Should the films get approval from state censors, China Film Co will distribute in China with distribution and marketing support from Legendary East and global distribution partner Universal Pictures.
China Film Co will be credited on the films and its equity recouped on a worldwide basis. China Film Co is the largest producer and distributor of Chinese content.
“These investments are an important step in the evolution of our partnership with China Film Co, Ltd,” said Legendary Entertainment founder and CEO Thomas Tull.
“China Film Co, Ltd has been paying close attention and great devotion to expanding its overseas market,” said China Film Co Ltd chairman La Peikang.
“The partnership with Legendary East is a new attempt in this progress. I believe our collaboration on Seventh Son and Warcraft will become an effective step for both parties in terms of resource integration and market expansion.”
“Seventh Son and Warcraft offer precisely the kind of unique worlds, stunning visuals and compelling stories that we originally partnered with China Film Co, Ltd. to create,” said Legendary East CEO Peter Loehr. “We are very pleased to welcome CFG [China Film Co parent company China Film Group] into these productions and believe this is a fantastic way to kick-start what will be a successful relationship.”
Universal Pictures has scheduled North American releases dates for Seventh Son starring Jeff Bridges and Ben Barnes on February 6 2015 and Warcraft, which Duncan Jones (pictured) directs, on March 11 2016.
O’Connor and Alysia Cotter are executive producers, with Jillian Share and Erica Lee co-producing. The film will be released in 3D.