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New Line, Vasquez Pact

New Line Cinema has signed a two-picture deal with writer-director Joseph B. Vasquez, whose “Hangin’ With The Homeboys” was premiered at the just-concluded Sundance Film Festival.

New Line has scheduled an April release for “Homeboys,” a comedy about four Bronx buddies. New Line veep of creative affairs Janet Grillo was executive producer of “Homeboys.” Budget reportedly was less than $2 million.

The new deal calls for 27-year-old Vasquez to write and direct “Homegirls” and direct “Writing On The Wall.”

“Homegirls” takes place the same night as “Hangin’ With The Homeboys” but focuses on several young women in the Bronx.

‘Writing On The Wall” will be scripted by Seth Rosenfeld, adapted from his stage play about inner-city youth. George Jackson and Doug McHenry will produce the pic.

Jackson and McHenry also are producing New Line’s “House Party 2,” sequel to the hit made last year by Reggie and Warrington Hudlin.

Jackson and McHenry also are responsible for producing Mario Van Peebles’ directorial debut, “New Jack City,” which was skedded to screen at the Sundance Film Festival. Warner Bros. has scheduled a March release for “New Jack City.”

The two-pic deal between New Line and Vasquez was negotiated by Steven Starr of the William Morris Agency and New Line’s Donna Bascom, senior v.p., business affairs.

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