Producer John Daly and indie dealmaker Mark Tolner have formed EnterTech Media Group, which will use the latest technology to distribute a library of pics to audiences worldwide.
The L.A.-based firm will produce, acquire and distribute indie pics through its subsids EnterTech Releasing and EnterTech Pictures. Daly will serve as chairman of the board; Tolner has been named prexy and CEO.
The duo also said EnterTech plans to go public on Wall Street. It has already filed for a listing.
EnterTech Media Group plans to produce and acquire 15-20 films annually, combining domestic theatrical release and foreign sales with the latest methods of distribution available, including the Internet, high-definition TV and digital projection.
A business plan for the tech side of EnterTech is being formalized. Company has already acquired “Pink Motel,” starring Christina Ricci and exec produced by Ron Shelton.
Several key personnel are already in place, including Peter Marai, VP of acquisitions and distribution, and Erik Jensen, VP of international, as part of EnterTech Releasing. It plans to open a London office by Dec. 31.
Daly founded Hemdale Films, which produced “Platoon,” “The Last Emperor,” “The Terminator,” “The Falcon and the Snowman,” “Salvador” and “Hoosiers.” Daly is now going to focus on EnterTech.
Tolner is an indie entrepreneur who specializes in mergers and acquisitions.