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Regent Entertainment and Moonstone Entertainment, two production companies known for modest budgets and Oscar noms, have formed a strategic alliance.

Regent produced “Gods & Monsters,” which netted Bill Condon a statuette last year for best adapted screenplay. Moonstone did 1998’s “Afterglow,” for which Julie Christie was nominated for best actress, and followed this year with “Cookie’s Fortune.”

Under the pact, Moonstone will handle worldwide sales of Regent’s annual theatrical slate of up to 10 films. The companies teamed up in advance of the Mifed film market, which starts Oct. 17 in Milan.

Pre-production offerings by Regent/Moonstone at Mifed will include:

  • “Gospel of Linda,” helmed by Ken Russell (“Altered States,” “Crimes of Passion”), about an American in a small Irish town who is pregnant with the future messiah of a fanatical religious sect;

  • “A Good Night to Die,” directed by musicvideo vet Craig Singer, a thriller starring rockers D’Arcy Wretsky-Brown of Smashing Pumpkins and Marilyn Manson; and

  • “Just Can’t Get Enough,” the feature helming debut of David Payne, which concerns murders at Chippendale’s dance clubs in Los Angeles.

Regent/Moonstone will also be representing “Gods and Monsters,” “Free Enterprise” and “I’ll Remember April” at Mifed.

Officials noted synergies between Regent, which stresses production, and Moonstone, a financing specialist.

The alliance will help Regent become involved in bigger-budgeted pics of up to $15 million and give it more time to produce, said Mark R. Harris, a partner in Regent.

The deal should yield “classy films,” Harris added.

“We had a common denominator,” said Moonstone founder Ernst “Etchie” Stroh. “Neither of us wants to do a ‘Titanic.’ ”

Launched in 1992, Moonstone recently exec produced “Miss Julie,” the Strindberg adaptation by director Mike Figgis. Moonstone sold domestic rights to MGM just prior to the pic’s world preem at the Toronto Film Festival.

In addition to producing theatrical features, Regent has TV and foreign sales arms and owns a chain of movie theaters.

Regent’s film “Twilight of the Golds,” starring Faye Dunaway, Brendan Fraser and Rosie O’Donnell, premiered on Showtime before a theatrical release.