Deal struck to finance specialty films

Blue Lake Entertainment, the eight-figure fund launched by Doug Mankoff’s Echo Lake Entertainment and Canadian shingle Blue Ice Entertainment, has struck a deal with Celluloid Dreams to finance high-end specialty pics.

The relationship will enable Celluloid to provide producers with international sales advances and handle sales for its slate and produce individual titles.

Blue Lake, which backs pics with a minimum $10 million budget, recently announced a non-exclusive deal with Glen Basner’s FilmNation to consult year-round and handle sales on the fund’s more commercial fare.

“The aim of this initiative is to give Celluloid the financial backing to acquire films from the most important international directors,” said Mankoff, who will serve as co-manager of the fund alongside Blue Ice’s Steven Silver and Neil Tabatznik.

Film financer Echo Lake has helped fund Demi Moore starrer “The Joneses,” John Carpenter’s “The Ward” and Sarah Polley’s “Away From Her.”

The company’s management division, headed by Mike Marcus and Amotz Zakai, reps Carpenter, Walter Hill, Deepa Mehta, Michael Caton-Jones among others.

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