EXCLUSIVE: Hot producing duo Lars Knudsen and Jay Van Hoy of Parts & Labor have entered an output and development deal with sales, finance and production company K5 Media. The Brooklyn-based pair most recently produced Mike Mills’ Beginners for which star Christopher Plummer has been scooping up awards this season. The first 2 films covered under the K5 pact are Adam Rapp’s Red Light Winter starring Kirsten Dunst and Mark Ruffalo and Gregg Araki’s The Womb. Knudsen and Van Hoy will produce Red Light Winter with Scott Rudin who has been the duo’s mentor for the past decade. Knudsen and Van Hoy met in 2000 while working for Rudin and in 2004 established Parts & Labor. In 2008, they entered a 3-year, first-look deal with Rudin’s company. “Jay and Lars have clearly learned from one of the best in being mentored by Scott Rudin and they are at the forefront of the new wave of important indie producers,” says K5’s Oliver Simon. The K5 pact covers all current projects being developed by Knudsen and Van Hoy whose credits also include Braden King’s Here, Cam Archer’s Shit Year, So Yong Kim’s Treeless Mountain and Kelly Reichardt’s Old Joy. Deal was negotiated on behalf of Parts & Labor by André des Rochers, of Gray, Krauss des Rochers and K5 co-founders Simon and Daniel Baur.
In related news, K5 recently launched LA outpost K5 International LLC with $30 million to be invested in features over the next two years. PalmStar Media Capital’s Kevin Frakes is CEO of the LA division which will finance pictures via a mix of equity, tax incentives and international sales. Frakes will remain owner and CEO of PalmStar Entertainment and co-CEO of PalmStar Media Capital. (K5 International acquired a stake in PalmStar Entertainment in 2009.) K5 International and sister company K5 Film will respectively handle international sales and act as producer or co-producer on all features. Munich-based K5 also operates out of London.
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