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Chinese entrepreneur Bruno Wu has teamed with veteran Hollywood producer Arthur Sarkissian to launch a new venture, Peak Time Entertainment. The pair plan to leverage their financial and creative skills on an initial slate of five projects.

Among the planned projects is “Titanic Code,” a new take focusing on the conspiracy theory about the sinking of the Titanic,. It is based on a script by David Marconi, who wrote “Enemy of the State” and the screenplay for Martin Campbell’s upcoming “The Foreigner,” starring Jackie Chan and Pierce Brosnan.

Also in the pipeline is an untitled action comedy scripted by Bruce Evans and Ray Gideon (“Stand By Me,” “Only The Lonely:  The Roy Orbison Story”.)

In addition, the duo plans to collaborate in late Fall on “Knights In Paradise,” a character-driven, romantic action-comedy to be filmed in the U.S., China and the Dominican Republic.

“This is a great initial slate of projects for Arthur and me,” said Wu, chairman of Seven Stars Entertainment.

Sarkissian found and developed “While You Were Sleeping” which became Sandra Bullock’s first big hit. The subsequent “Rush Hour” franchise was discovered and developed by Sarkissian in 1998 and paired the unlikely duo of Chris Tucker and Jackie Chan.

“He’s the type of person I want to make movies with and, besides, he has a great business mind.  I’m sure it will be a happy and successful partnership,” said Sarkissian in a statement.

Seven Stars Entertainment, the global content flagship company of Sun Seven Stars Media Group, was established by Chinese entertainment personality and businesswoman Lan Yang husband Wu. It owns nearly 60 film production companies via acquisitions and joint ventures, and has produced around 20 English-language films, 300 hours of English-language TV, and over 150 variety and reality shows.