Belgrad, who departed earlier this year as motion picture group president, is making the investments through his 2.0 Entertainment company. He will be a producer on some of the projects,
Open Road executive Sophie Cassidy has been hired as senior VP of production at 2.0 Entertainment. She will come on board later this month.
Belgrad announced that he was leaving the post in early June after working at the studio since 1989. He departed a year after he was passed over in favor of Tom Rothman being selected as chairman of Sony Pictures Entertainment’s Motion Picture Group.
Belgrad, in an announcement Thursday, did not disclose the source of his financing. The production company is also developing TV projects including a sitcom with Jake Kasdan.
Belgrad’s company will be headquartered on the Sony lot with a first-look feature deal. It will be able to co-finance between 10% to 33% of Sony films already in development and 50/50 on packages that 2.0 Entertainment brings to the studio.
“Peter Rabbit” is a live-action CGI hybrid with Will Gluck directing and Animal Logic handling the animation. Live action shooting is starting early next year.
“Bad Boys 3” will bring back Martin Lawrence and Will Smith with Joe Carnahan directing. Elizabeth Banks is on board to direct the “Charlie’s Angels” reboot with Banks, Max Handelman and Elizabeth Cantillon as producers.
Sony is also rebooting “Mulan” as a live action film with plans to shoot in China with a Chinese partner and a mostly Chinese cast.
“Mallory” is centered on British explorer George Mallory’s attempts to climb Mount Everest, based on Sheldon Turner’s adaption of the Jeffrey Archer book “Paths of Glory.”
The news was first reported by Deadline Hollywood.