Room 101 will deliver a minimum of two high-concept, helmer-driven micro-budget genre pics a year to eOne, which will finance, co-produce and distribute the titles globally, with the exception of the U.S., where distribution will be handled on a per-project basis.
Benedict Carver, who joined eOne last September as senior VP of filmed entertainment, will oversee the Room 101 slate.
“With a number of exciting and high-profile genre movies already in the works, Room 101 has established itself as a tastemaker and trend-setter in the creative community,” said eOne prexy of filmed entertainment Patrice Theroux in a statement.
“With this co-financing venture, we are taking a more global approach to films; allowing all of our territories to distribute the slate and providing our international sales teams with highly-commercial pictures for distribution around the globe.”
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“Room 101 is committed to nurturing its relationships with gifted filmmakers, with an eye towards finding, developing and producing high-quality fare at the micro-budget level,” said Schneider, who produced the 2007 genre hit “Paranormal Activity,” its two sequels, sleeper hit “Insidious” and last month’s box office surprise “The Devil Inside,” and exec-produced TV series “The River.”
Shankar co-founded indie studio 1984 Private Defense Contractors with Spencer Silna and has produced a string of indie action pics, including “Machine Gun Preacher” and “The Grey.”
“The goal is for Room 101 to become a haven for talented, genre-oriented filmmakers,” Shankar said. “Going forward, Room 101 is committed to evolving the micro-budget space even further.”