Unapix Entertainment Inc. has formed Unapix Films, a new film financing and packaging arm that will focus on low-budget projects.

The company’s first project is “180°,” the sophomore outing of director Joel Hershman. His first film was “Hold Me, Thrill Me, Kiss Me,” released in the U.S. by October Films in 1993.

The company is also in discussion to co-produce “The Proposition,” a period drama by British director Strath Hamilton.

In addition to financing and producing pictures from concept stage, the company also intends to provide completion funds for independent filmmakers in the style of New York-based Good Machine. “We’re looking for films that are stalled on the road to Sundance,” said VP of acquisitions and sales for both Unapix Entertainment and Unapix Films Paul Davis-Miller. “Quirky comedies, anything that has a singular vision.”

Public eye

Unapix Entertainment is a publicly traded New York-based corporation whose core business is the international licensing of its library of TV shows and feature films. The company’s A-Pix division acquires and produces films for video distribution.

David Fox, president and CEO of Unapix Entertainment, is chairman of the new company. Unapix Entertainment president Robert Baruch holds the same title at Unapix Films. Amy Moore has been named vice president of production.

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