Veteran media entrepreneur Wicks Walker has launched Division Films, a film financing banner that will have come onboard five indie movies by the end of the year.
“My approach is to backfill a growing hole in the market where you have a great cast, a smallish budget but no studio set up in place,” Walker told Variety.
Division kicked off its initial slate with Harmony Korine’s “Spring Breakers,” which will be released in the spring via A24, then financed the two-film project “The Disappearance of Eleanor Rigby,” starring Jessica Chastain and James McAvoy.
Walker came on to “Spring Breakers” in February a few weeks before shooting started — reflecting its strategy of coming on to projects late in the development cycle with “meaningful” talent and production attachments.
Division plans to fund two additional projects before year’s end and then continue with an annual slate of independent features as well as a series.
Walker has founded, financed and built several companies in online media. He’s president of W4 Ventures.