Spain’s Adrian Guerra, producer of Rodrigo Cortes’ Sundance hit “Buried,” has created production label Nostromo Pictures.

Its first two productions will be Cortes’ paranormal thriller “Red Lights,” sold by Parlay Films and with Robert De Niro and Sigourney Weaver, and the Kinology-sold horror thriller “Emergo,” helmed by Carles Torrens. Both are in post-production; “Red Lights” will be ready for delivery in January.

Guerra’s Madrid-based production-distribution shingle Versus Entertainment is now focusing just on distribution.

“Versus releases classic and art films on DVD. As a producer, however, I’ve been moving into bigger films, such as ‘Red Lights,’ ” Guerra told Variety. “I wanted to distinguish the two activities more. It was hard to persuade sales agents that Versus was a niche distributor when it was producing relatively big movies.”

Its Barcelona base allows Nostromo to benefit from Catalan government subsidies channeled through its Icic institute, Guerra added. Nostromo is owned by Versus founders and shareholders Guerra, Jose Tito Martinez, Miguel Nadal and Alejandro Miranda.

Guerra will continue to expand production, he said. As part of this growth, Nostromo has tapped Ferran Herranz, a former exec at Spanish distrib Wide Films, to oversee deals for local distribution as well as for international sales.