Element Films has launched Element Films Intl. and hired John Fremes to head the organization.Element Films president Adam Rosenfelt described EFI as “a self-financed entity with a mandate to acquire or produce up to a dozen films annually, within the $10 million-$20 million range.” The first film on EFI’s slate is Element’s “Five Fingers,” which stars Laurence Fishburne and Ryan Phillippe. Pic bows at the upcoming Cannes market. Lions Gate Films will release the film in North America. Another Element title, “Down in the Valley,” is an Un Certain Regard selection. Fremes is the former president of Alliance Atlantis division Le Monde Entertainment and most recently served as president of Fusion International Sales Corp.