20th Century Fox Home Entertainment has formed Fox World Cinema, an outlet that will put prestige films from around the world out on DVD, VOD and Digital Download. It sounds like a welcome option for all those films that get great festival response but don’t quite justify the P&A spend necessary for a theatrical release. The initial slate will include The Yellow Sea, the Korean film that will screen at Cannes this month in the Un Certain Regard program; The Butcher, The Chef and the Swordsman, the Chinese film that premiered at 2010 Toronto Film Festival; the Indian film Dum Maaro Dum, and Vallanzasca: Angel of Evil, the Italian film that played at Venice and other festivals.

“Fox has always championed films that transcend language and social differences,” said Sanford Panitch, president of Fox International Productions. “In recent years, American audiences have embraces successful foreign films such as Pan’s Labyrinth and The Girl With the Dragon Tattoo. The universal themes represented with Fox World Cinema will be appreciated by film lovers everywhere.” The new label will work in tandem with Fox International Productions.