You will be redirected back to your article in seconds

Submarine launches fund and label

Torpedo aims at auteur-driven films

Submarine Entertainment and Dakota Group are launching Torpedo Pictures, a fund and label to develop, finance, produce, and distribute a slate of low-budget, high-concept films in the sci-fi, horror and thriller genres.

Deal was announced Tuesday at Cannes by David Koh, Dan Braun and Josh Braun of Submarine Entertainment along with Stanley Buchthal of Dakota Group.

Torpedo plans to focus on “auteur-driven” directors with Dakota Group financing pictures along with foreign partners in the $500,000 to $1.5 million range. Submarine will represent domestic and foreign rights and will find partners to distribute.

The venture plans to announce its first slate shortly along with output and foreign partners.

Submarine has been active in documentaries (“Bill Cunningham New York,” “Buck,” “Cave of Forgotten Dreams,” “Man on Wire”) along with selling, representing and finding distribution partners for such movies as “Black Rock,” “Winter’s Bone” and “Your Sister’s Sister.” It also represents the comicbook properties Creepy and Eerie.

Dakota’s projects include “Marilyn Monroe’s Fragments,” “Marina Abramovic: The Artist Is Present” and “Sketches of Frank Gehry.”

Popular on Variety

More Scene

  • Laverne Cox Charlie's Angels

    How Laverne Cox Landed a Cameo in Elizabeth Banks' 'Charlie’s Angels'

    Laverne Cox officially earned her wings, scoring a role in Sony’s “Charlie’s Angels.” But she revealed her cameo almost didn’t happen. When the Emmy-nominee heard that Elizabeth Banks was directing the film, the longtime fan of the franchise (and of Banks herself) reached out about being part of the project. Cox had previously worked with [...]

  • Lena Waithe'The Inheritance' Broadway play opening,

    Lena Waithe, Anderson Cooper Attend Broadway Opening of 'The Inheritance'

    “The Inheritance” pulls viewers in many directions — toward pain and hope, trauma and healing. It’s what brought stars like Andy Cohen, Anderson Cooper, Sarah Jessica Parker, Matthew Broderick and Lena Waithe to Broadway on Sunday — a chance to heal, to remember and grieve. Also in attendance for the premiere at the Barrymore Theater [...]

  • Cybill ShepherdTrevorLIVE, Show, The Beverly Hilton,

    'The L Word' Co-Stars Cybill Shepherd and Jane Lynch Reunite at TrevorLive

    Fans of Showtime’s “The L Word” will be happy to hear that Cybill Shepherd eagerly reprised her on-screen romance with former co-star Jane Lynch on Sunday night at the TrevorLive Gala at the Beverly Hilton in Los Angeles. While accepting the champion Award, Shepherd kissed Lynch not one, but twice. The “Moonlighting” star was recognized [...]

  • Rami Malek, Robert Pattinson and John

    Robert Pattinson Praises Fans for Raising Funds for Go Campaign: ‘It’s So Sweet’

    Robert Pattinson is giving back, but he’s even more impressed that his friends and fans are joining him in the fight. “It’s amazing,” Pattinson told Variety on the black carpet outside Neuehouse in Hollywood at the Go Campaign’s annual gala. “And they’ve done it every year. It’s kind of — it’s so sweet and I [...]

More From Our Brands

Access exclusive content