The venture was announced Thursday in Cannes with the Christensens partnering with Sarik Andreasyan, Gevond Andreasyan and Georgy Malkov. Glacier Films said the coin comes from Russian concern Renovatio but provided no further details.
The slate consists of six films with budgets in the $10 million range, plus five microbudget titles ranging around $1.5 million each.
Production will start June 18 on “American Heist,” a remake of Steve McQueen’s 1959 movie “St. Louis Bank Robbery.” Hayden Christensen will star with Sarik Andreasyan directing.
Tove Christensen, Gevond Andreasyan, Georgy Malkov and Vladimir Poliakov will produce. Story will center on two brothers with checkered pasts being dragged into an ill-fated bank robbery spearheaded by a gang of dangerous criminals.
Paradigm is representing “American Heist” in Cannes.
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The first microbudget title will be the horror fantasy “Lady of Csejte.” It is based on the life of serial killer Countess Bathory, who was reported to have killed hundreds of children in 16th century Transylvania.
Hayden Christensen’s recent film credits include “Takers” and “Jumper.”