Film unit sets up equity fund

Randall Emmett and George Furla’s Emmett/Furla Films have set up an equity fund worth more than $100 million with Japanese-based Imec Corp. and Korona Corp.

The deal marks Emmett/Furla’s first foray into international co-production, with plans to fund three pictures per year over five years. Pics will be produced by Emmett, Furla and Imec’s Fuminori Hayashida. Sadamitsu Otsuka and M. Dal Walton will exec produce, and Tommy Lee Thomas will co-exec produce.

“Having produced almost 60 films, we felt it was time to expand our business model and present an opportunity for other filmmakers to realize their projects,” Emmett said.

Emmett/Furla will continue its production-financing arrangement with NuImage/Millennium Films. That combo co-produced “88 Minutes,” an Al Pacino starrer directed by Jon Avnet that opens Friday; and “Righteous Kill,” starring Pacino and Robert DeNiro, which opens in September through Summit.

Emmett/Furla Films is about to begin production on “Microwave Park” for director Charles Winkler.

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