Independent producer/exhibitor Regent Entertainment has signed a six-picture co-financing and production deal with U.K.-based entertainment financier Flashpoint.
The first titles to roll under the deal are likely to be action film “Storm Chasers,” starring Kelly McGillis; “Neverlands,” a biopic of author J.M. Barrie; drama “I’ll Remember April”; and possibly the teen Frankenstein movie “Monster.”
“Storm Chasers” begins shooting March 18 in Vancouver, directed by Mark Jobel.
The Flashpoint/Regent films, which all will be budgeted in the $3 million-to-$10 million range, will be distributed worldwide by Regent.
Flashpoint, according to Regent partner Stephen Jarchow, will executive produce and make an equity investment in each pic, and participate in the profits. Regent will own 100% of the negatives.
Jarchow and Regent partner Paul Colichman said Regent also would finance and produce a maximum of six films outside the Flashpoint deal.
Regent’s credits include the Sundance entry “Gods & Monsters,” which stars Ian McKellen, Brendan Fraser, Lynn Redgrave and Lolita Davidovitch, and was directed by Bill Condon (“Candyman: Farewell to the Flesh”).
In January, Regent formally launched an international sales division, Regent Entertainment Intl. Film Distribution and named Helen Sarlui president.
The 2-year-old company is a partnership between Mark Harris, former IRS Media executive Colichman, Dallas financier Jarchow and entertainment lawyer Peter Dekom.
Regent’s strategy is to finance its films and then place them on its own domestic network of screens. Regent currently has two screens open, 10 under construction and five more in development. It has set itself a target of owning 50 within two years.
Flashpoint’s previous investments include Mike Leigh’s “Career Girls” and the upcoming U.K. TV action series “The New Professionals.”