Cargo Entertainment and Radiant Films International have inked a strategic partnership to expand their combined production, finance and sales capabilities.

As a first step, Cargo has made an investment in Radiant with Mimi Steinbauer, Radiant president and chief exec, also assuming the role of Cargo distribution president. Steinbauer and the sales team, including newly appointed Radiant Senior Vice President John Short, will handle foreign sales for all Cargo titles with immediate effect.

Cargo and Radiant are actively looking to jointly finance, produce and launch 4 to 6 new features per year. The companies will work side by side on joint initiatives but continue to operate as two separate entities. Radiant is selling romantic comedy Carrie Pilby starring Hailee Steinfeld and Tom Wilkinson at Cannes.