×
You will be redirected back to your article in seconds

Reliance funds Linde shingle

U will have first option to release pics from former co-topper

Aiming to produce and finance between one and three films per year over the next four years, Reliance Entertainment has committed funds for former Universal co-chairman David Linde’s new film production and financing shingle.

According to a release from Linde’s company, the as-yet-unnamed shingle will produce and fund projects designed for the global marketplace.

Linde has also closed a deal with U whereby the studio will have the first option to co-finance each developed project and distribute the pic domestically and in “other significant international territories.” Should U pass, Linde would shop projects to other studios.

“Our company is designed in response to a changing world,” said Linde in the statement. “We have the opportunity to tap into the global industry’s desire for films while at the same time build a business that offers opportunities to our creative partners by harnessing both traditional means of distribution as well as new technologies, platforms and markets.”

Popular on Variety

Reliance will handle distribution in India.

Linde’s company has made output deals with eOne, Italia Films, Nordisk Film, Revolutionary Releasing, Sun Distribution and TeleMunchen Group.

Tory Metzger, who previously served as prexy for MRC film group, will join the venture as president of production, while Linde has named Adam Rymer, a former Universal senior VP of digital platforms, as the company’s chief operating officer.

Canon Media Partners, O’Mel-veny and Myers, Gang, Tyre, Ramer & Brown and David Boyle negotiated the deal.

Linde, a two-decade veteran of the film biz who co-headed Focus Features before moving over to Universal, heads Lava Bear. Linde focused much of his attention on the international marketplace during his tenure at U, overseeing some of the studio’s franchise and international production expansion and the launch of Illumination Entertainment.

More Film

  • Warner Bros. Pictures trailer launch event

    Lin-Manuel Miranda and Jon M. Chu Tease 'In the Heights' Movie

    Lin-Manuel Miranda, director Jon M. Chu and star Anthony Ramos took the train to the top of the world to offer a sneak peek of “In the Heights,” Warner Bros.’ big-screen adaptation of Miranda’s (other) hit musical. “I’m thrilled we’re here, and I’m thrilled we’re uptown,” Miranda rhapsodized to a packed crowd at a cozy [...]

  • One for the Road

    Wong Kar-wai to Produce 'Bad Genius' Director’s 'One For The Road'

    Wong Kar-wai is producing “One For The Road,” a new film that reunites the director and star of 2017 Thai hit “Bad Genius.” Production in New York and Thailand will begin by the end of the year. The film is a buddy drama and a road movie that sees two old friends who have been [...]

  • Jesse Eisenberg

    Film News Roundup: Jesse Eisenberg to Star in Indie Thriller 'Wild Indian' (EXCLUSIVE)

    In today’s film news roundup, Jesse Eisenberg is starring and exec producing “Wild Indian”; Jason Bateman is directing “Shut In”; “Saturday Night Live” veteran Paula Pell is honored; and the Palm Springs Film Festival sets its opening and closing films. CASTING Jesse Eisenberg is starring in and executive producing the independent thriller “Wild Indian,” Variety [...]

  • disney d23

    Top 19 Media Trends of 2019: Disney's Box Office Dominance

    The domestic box office market share over the last 12 years provides a sobering reminder of how important franchises are to studio performance, especially for Disney. Although the 2019 box office looks to be falling short of the previous year’s total, Disney is ending the decade on the highest possible note, becoming the first studio ever [...]

  • Pierce Brosnan Cinderella

    Pierce Brosnan to Play the King in Camila Cabello's 'Cinderella'

    Pierce Brosnan will play the king opposite Camila Cabello in writer-director Kay Cannon’s new telling of “Cinderella” for Sony Pictures. Billy Porter, Idina Menzel and Nicholas Galitzine are also confirmed to star in the film, which will be released in theaters Feb. 5, 2021. Cabello, a multi-platinum selling and Grammy-nominated singer/songwriter, will be integrally involved [...]

  • John Boyega

    John Boyega: 'Star Wars' Fandom Conflict Is 'The Most Stupid Thing in the World'

    Unlike his “Star Wars” compatriots Daisy Ridley and Oscar Isaac, John Boyega enjoys a robust presence on social media, with nearly 1.5 million followers on Twitter and over 1.6 million followers on Instagram. He regularly engages with fans, and posts inside looks at his life inside the “Star Wars” media maelstrom. It’s meant that Boyega [...]

  • Yahya Abdul-Mateen II

    'Watchmen' Star Yahya Abdul-Mateen II Says He Would Consider Playing Superman

    Those who are caught up on “Watchmen” know Yahya Abdul-Mateen II knows how to strike the balance between understated and omnipotent. He’s also no stranger to playing superheroes, as Aquaman’s nemesis Black Manta in the DC Universe. But asked whether he would consider taking on another DC Extended Universe role — Superman — Abdul-Mateen told [...]

More From Our Brands

Access exclusive content