Joint venture to create film slate
Seven Stars Media Private Equity, which announced its launch earlier this year with $800 million to invest across content, mergers and acquisitions. In addition it plans to develop a marketing and distribution platform across all media. Troy Craig Poon will serve as president of Perfect Storm and will supervise the company’s creative efforts with special attention to finding projects suitable as Chinese co-productions. Perfect Storm aims to produce two to three movies a year, varying from tentpole blockbusters to pedigreed specialized fare. Lin has directed the last three installments of the “Fast and Furious” franchise and worked on indies including”Better Luck Tomorrow” and “Finishing the Game.” Poon worked as an exec on “Napoleon Dynamite,” the first two “Jackass” movies and “Election.” He first worked with Lin on “Better Luck Tomorrow.” “We are extremely pleased to be in business with Justin Lin,” Wu said. “He is one of the most successful filmmakers of his generation, and this collaboration illustrates our joint vision for investment in Asian filmed entertainment, which has international reach and synergy with our stakeholders.” Perfect Storm plans to work closely with Barnstorm, Lin’s production company, which has a first-look deal based at Universal. Seven Stars said it plans to announce two other collaborations with leading filmmakers over the coming weeks.
Want Entertainment News First? Sign up for Variety Alerts and Newsletters!