Veteran producer Donna Gigliotti and development executive Renee Witt are teaming up at Levantine Films with plans to launch projects for the over-25 market.

New York-based Levantine plans to develop, fully finance and produce commercially viable character driven films in the $15-30 million range.

Gigliotti’s been nominated three times for an Academy Award for Best Picture for “Silver Linings Playbook,” “The Reader” and “Shakespeare in Love,” which took the Oscar. Witt helped develop “Silver Linings” and was a co-executive producer on it.

Gigliotti will assume the newly created role of president at Levantine and Witt will serve as VP. The duo was also involved in the development of “Two Lovers,” “Let Me In” and “About a Boy.”

With Gigliotti and Witt on board, Levantine will focus on similar films aimed at under-served adult moviegoers.

Levantine Films was established in 2009 and executive produced Cherien Dabis’ immigrant drama “Amreeka.” Levantine is backed by Crest Investments, a diversified investment company based in Houston.

Gigliotti has also served as president of production at The Weinstein Company, exec VP of production at Miramax and president of production at USA Films. In these roles, she  was involved in producing Steven Soderbergh’s “Traffic,” Robert Altman’s “Gosford Park,” Joel and Ethan Coen’s “The Man Who Wasn’t There,” and Doug McGrath’s “Emma.”

Wiit began her career at William Morris and specialized as an exec in development and production of books including “Silver Linings Playbook,” “About a Boy,” “The Notebook” and “The Time Travelers Wife.”  She spent nearly a decade at New Line Cinema, where she became VP of development and production, and served as senior VP at Laura Ziskin Prods. and exec VP at TWC.