Aaron L. Gilbert’s Media House Capital has pacted with sales and production company Inferno Entertainment to co-finance and acquire modestly-budgeted features in the $5 million-$10 million range.
Deal is designed to give Inferno the ability to provide minimum guarantees when acquiring international rights for completed feature films, which will make Inferno competitive at festivals and markets. Media House will operate as a financial backer in those circumstances. Media House is also financing its own slate of movies, for which Inferno will handle foreign sales.
The arrangement bolsters Inferno’s ability to produce and acquire more modestly-budgeted specialty films, which the company is keen to do, having enjoyed success handling international sales for “The Kids Are All Right.” While Media House is providing additional resources, Inferno will continue to back productions over $10 million.
The first pic in the investment pact is Craig Zisk’s Julianne Moore starrer “The English Teacher
,” which is in the can, while the second is “A Single Shot
,” which is currently in production. The next film will be Christmas-themed horror pic “Silent Night,” with several other projects in the works for this year and beyond.
Vancouver-based Media House also has offices in Toronto and Los Angeles. Company’s pics include “Janie Jones,” “Daydream Nation,” “I Melt With You
,” “Decoding Annie Parker” and Sally Potter’s “Bomb.” Company is led by managing director Gilbert, who is supported by execs Patrick Murray (in L.A.) and Margot Hand (in Vancouver), as well as business affairs and admin teams based in Vancouver and Toronto. Both companies will be active at Cannes next month.