FilmNation & ZQ Entertainment Strike Feature Film Development Fund Deal; Unveil First Project To Be Developed Under Its Auspices
Russell’s Southwest Florida-set tale follows the story of 13-year-old Ava Bigtree who, after an illness befalls her mother, embarks out of her family’s Everglades theme park to piece her family back together.The new fund is the first collaboration between the two like-minded companies and is intended to pay for the development of feature films and create project co-financing opportunities.
The partnership will allow Glen Basner’s FilmNation to further expand its strategy of acquiring early-stage, high-profile development properties. At the same time, it will broaden the film slate of Ara Keshishian and Petr Jakl’s upstart development and production company ZQ Entertainment in the global market.
All projects are intended to be financed under FilmNation’s existing credit facility and will provide the company’s production and financing arms with extended resources to grow its award-winning slate. The partners did not reveal the size of the fund.
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