×
You will be redirected back to your article in seconds

Dick Cook Studios Gets $500 Million Investment From China’s Film Carnival

Marking a major step forward for Dick Cook Studios, the Burbank-based production and distribution company has landed $500 million in film financing from China-based Film Carnival, it was announced Tuesday.

Film Carnival will finance 100% of the movies produced, while the company founded by the former Disney executive will be responsible for the development, production, worldwide distribution and marketing. The announcement comes at the end of a conference in China sponsored by Dick Cook Productions to promote future development of entertainment content.

The announcement came jointly from Cook, chairman of the studio bearing his name, and Lou Xiaolou, chairman of Film Carnival Co. Ltd. The American company has agreed to help Film Carnival produce its own slate of motion pictures in China, while the Chinese company will help push for additional Chinese investors to support Cook’s operation.

Cook deemed himself “thrilled” at the arrangement and added: “They are not only visionaries in strategic financing but in the future of entertainment. They are the perfect partners as they share our vision of telling great stories for the entire family to be enjoyed across the globe.”

The announcement says the first film to be made under the agreement will be “Ranger’s Apprentice,” with a screenplay from Paul Haggis (“Million Dollar Baby” and “Crash”), along with his daughter, Alissa Sullivan Haggis. Haggis will direct the movie and share producing duties with his HWY 61 partner Michael Nozik (“Syriana,” “The Motorcycle Diaries”). The pic is set to begin production in the fall.

The film comes from the series of 12 books by author John Flanagan, which have sold more than 8.5 million copies in 27 territories around the world. It has also been on the New York Times bestseller list for 70-plus weeks.

“‘Ranger’s Apprentice’ is only the beginning to our strategic plan of a more comprehensive collaboration,” Xiaolou said. “I look forward to working together for the future of the art of filmmaking.”

More Film

  • Janelle Monae

    Film News Roundup: Janelle Monae to Star in Film From Gerard Bush, Christopher Renz

    In today’s film news roundup, Janelle Monae will star in a Lionsgate movie, Bill Nighy joins “Emma,” and documentaries on surfer Bethany Hamilton and Asbury Park are dated. CASTINGS Janelle Monae will star in an untitled Lionsgate movie directed by the duo Gerard Bush and Christopher Renz. The film will be produced by QC Entertainment’s Ray [...]

  • Paul Feig Heads to Universal From

    Paul Feig's Feigco Entertainment Jumps From Fox to First-Look Deal at Universal

    Universal’s comedy constellation just added another star, welcoming Paul Feig from 20th Century Fox Film on Thursday. Universal has set a first-look production agreement with Feig’s Feigco Entertainment, bringing in the prolific producer, writer, and director known for hits like “Bridesmaids” and the recent “A Simple Favor.” News of Feig’s relocation shook out of a [...]

  • The Fault in Our Stars

    Disney Retiring Fox 2000 Label

    Disney will stop making films under the Fox 2000 label, a move that could mean that its head Elizabeth Gabler will not be making the move to the Magic Kingdom, Variety has learned. The decision is surprising because Disney had previously stated that Gabler would stay on board at the studio even after it was [...]

  • Macon Blair27th Annual Gotham Independent Film

    Macon Blair to Direct and Write 'Toxic Avenger' Reboot for Legendary (EXCLUSIVE)

    Macon Blair has been tapped to write and direct Legendary’s reboot of the cult classic “The Toxic Avenger,” sources tell Variety. Legendary acquired the feature film rights in December and have quickly made the project a high priority at the studio. Lloyd Kaufman and Michael Herz of Troma Entertainment will serve as producers with Alex [...]

  • Danny Boyle Bond 25

    Danny Boyle Calls His Exit From 'Bond 25' a 'Great Shame'

    Director Danny Boyle has finally spoken out after leaving the upcoming 25th James Bond movie over creative differences. After splitting from the new 007 flick last August, Boyle told Empire in a story published on Thursday that the script he penned with his “Trainspotting” co-writer John Hodge “wasn’t finished, but it could have been really [...]

  • Film Review: 'Everybody's Everything'

    Film Review: 'Everybody's Everything'

    An elegiac documentary exploring the brief life of rapper Lil Peep, “Everybody’s Everything” certainly doesn’t lack for perspectives. Interviewing virtually everyone who knew the musician (born Gustav Ahr), directors Sebastian Jones and Ramez Silyan cover the waterfront, from Peep’s family to his girlfriends, his innumerable collaborators, his managers and his fans, trying to distill exactly [...]

  • A Brinks armored truck pulls into

    Fox Layoffs: Distribution and Marketing Leaders Out

    Layoffs have hit Fox following the entertainment company’s sale to Disney. The staff cuts are hitting employees at the SVP, EVP, and president level. Senior staff is expected to be among the first to be impacted. However, the cuts will be deep, with the ax falling hardest of Fox’s film team. There could be as [...]

More From Our Brands

Access exclusive content