Venture expected to release 3 full-length features per year
HOLLYWOOD — The National Lampoon brand has formed National Lampoon Clubhouse, a joint venture entity with Majestic Entertainment that will result in a series of PG- and PG-13-rated theatrical and direct-to-video films.
“National Lampoon has been known for irreverent comedy for teenagers and college campuses for more than three decades,” said National Lampoon president Douglas S. Bennett. “This is a perfect opportunity to introduce National Lampoon to a new, younger generation.”
Lorenzo Doumani, CEO of Majestic Entertainment and Majestic Resorts, will serve as prexy of National Lampoon Clubhouse.
Clubhouse is expected to release three full-length feature films per year, with budgets ranging from $3 million to $10 million.
The first three releases will be based on original stories by Doumani. Clubhouse’s first film, “Trick or Treat,” is scheduled for release Oct. 31.