Irish director Neil Jordan and his Brit producing partner Stephen Woolley are in the final stages of negotiations to launch a London-based production venture bankrolled by DreamWorks.
As well as being the vehicle for Jordan’s own films for the studio, the unnamed company will make movies with other European filmmakers, which Woolley and Jordan will produce.
DreamWorks would not comment on the exact terms of the deal, but the company’s resources are expected to be similar to those which Miramax has extended to its London-based production venture HAL Films. HAL has a $3 million discretionary development fund and a $50 million revolving production fund.
Woolley and Jordan will not have the power to greenlight films, however.
The three-year deal could yield up to three or four films each year, including Jordan’s, over a range of budgets.
Woolley will continue to be a partner in his longtime shingle Scala Prods., but will no longer be actively involved in bringing in projects for that company or producing under its umbrella.
In the past couple of years, Woolley has increasingly taken a back seat at Scala, where his partner Nik Powell is working predominantly with an extended family of producers including Woolley’s wife, Elizabeth Karlssen, her brother Jonathan Karlssen and Fionula Dwyer.
Scala is also a partner in U.K. lotto franchise the Film Consortium, for which it recently produced “The Lost Son.”
Jordan and Woolley teamed for DreamWorks’ upcoming thriller “In Dreams,” starring Annette Bening, Robert Downey Jr., Aidan Quinn and Stephen Rea. The pic is set for a fall release.