Second funding deal for indie financiers since July
The coin will also be used to finance Bruce Willis actioner “Expiration,” Vin Diesel’s “The Last Witch Hunter” and Baltasar Kormakur’s “Everest.”
“Everest,” starring Jake Gyllenhaal, Jason Clarke and Josh Brolin, will be the first title covered by the funds. Lensing begins in November on the film, with Working Title producing and Universal handling the release domestically.
Corsan has started selling international territories on “Expiration,” which begins production in January. “Witch Hunter” begins shooting in March with Breck Eisner directing Diesel and Lionsgate releasing.
“We are excited about this long term arrangement with Paul and Corsan,” Emmett said. “Paul is a great partner and we are thrilled to be making these films together.”
It’s the second cash infusion in less than three months for Emmett and Furla, who found new financing from the Middle East in July by selling an undisclosed stake in itself to Dubai-based Oasis Ventures Entertainment.
As a result of that investment, Emmett/Furla was re-named Emmett/Furla/Oasis Films.
Emmett/Furla specializes in backing mid-budget action films. Its slate includes “2 Guns,” Lionsgate releases “The Frozen Ground,” starring Nicolas Cage and John Cusack, and “Escape Plan,” with Arnold Schwarzenegger and Sylvester Stallone. The banner is also a financer on Peter Berg’s “Lone Survivor.”
Emmett/Furla received a major financing a year ago when it announced it had partnered with Envision Entertainment to raise $275 million — a year after Emmett/Furla and Envision’s Stepan Martirosyan and Remington Chase announced during the Toronto Film Festival that they’d partnered to establish a $250 million revolving equity and debt fund.
Paradigm repped Corsan N.V. in the new funding deal with Martin Barab and Craig Emanuel repping Emmett/Furla.