Cove Pictures will have bases in London, New York and Los Angeles and be headed by Heather Rabbatts. The joint venture between Patrick Milling-Smith and Brian Carmody, founders of talent and production firm Smuggler Inc, and Red Arrow Entertainment, has already set a creative alliance with James Bond producers Eon Productions. The goal is to make high-end drama, comedy and factual programs for the international market. Red Arrow will hold a minority stake in the company and distribute Cove projects internationally.

The deal with Eon, run by Michael G. Wilson and Barbara Broccoli, is to develop “an exciting slate” of shows for the international market.

Apart from the Bond franchise, Wilson, Broccoli and Eon have also co-produced and co-financed West End and Broadway shows, including Chitty Chitty Bang Bang, A Steady Rain, Chariots Of Fire and Once. They are also exec producing indie feature A Silent Storm starring Damian Lewis and Andrea Riseborough.

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Milling-Smith and Carmody worked with Eon on Once, and also produced Theresa Rebeck’s play Seminar. Milling-Smith is currently producing adaptions of Robert Evans’ memoir The Kid Stays In The Picture and Lynn Nottage’s play Ivory Highway. Upcoming film projects include a remake of cult classic Wild Geese, adapted by William Monahan.