Over the course of a busy 15 months, Chinese media mogul Bruno Wu has announced a series of joint ventures and projects with Hollywood and UK partners. His latest announcement is a tie-up with French producer Pierre-Ange Le Pogam (Grace Of Monaco). The pair’s Angel Storm will look to make action-based Euro-Chinese co-productions and franchises. Here’s the release:

Cannes – May 17, 2013 – Bruno Wu’s Seven Stars Entertainment has formed a joint venture with French film mogul and producer Pierre-Ange Le Pogam (Grace of Monaco, Hitman) and his company Stone Angels to form Angel Storm, which will develop and produce action-based European-Chinese co-productions and franchises. The first two projects identified are SHANGHAI, which will start production early next year and TRIANGLE.

Both Le Pogam and Wu will serve as producers on the projects under the Angel Storm banner, with Stone Angels handling distribution rights in France and Seven Stars handling Chinese distribution.

“Pierre-Ange is a very versatile filmmaker and executive, whether he’s dealing with a mainstream commercial title or an art house film, he understands the global business, and we both share a love for movies,” said Wu. “I believe Angel Storm will deliver franchise actioners to international audiences everywhere.”

Recently, Wu served as an Executive Producer on Stone Angels production GRACE OF MONACO, starring Nicole Kidman as Grace Kelly.

“This partnership is a great opportunity for Stone Angels. With Bruno, we share a passion for quality, and a real vision for commercial concepts. This is really exciting to discover the possibilities of developing and shooting these first two movies, in Europe and in China. Bruno Wu, because he has his unique sensibility and his global capacities, is definitely the right partner for this adventure, and I believe that our Angel Storm could create other offspring in the future.”

Le Pogam founded Stone Angels in early 2011 after departing EuropaCorp, which he co-founded with partner Luc Besson in 2000. While at EuropaCorp, Le Pogam led the company to global box office success with international franchise hits include TAKEN, TRANSPORTER, and KISS OF THE DRAGON. Prior to that, Le Pogam started up Gaumont Buena Vista with Gaumont and the Walt Disney Company, where he managed the distribution company from 1993 to 1997, taking it to the #1 distribution company for 5 years on a row, with releases such as ALADDIN, THE LION KING, Woody Allen’s MIGHTY APHRODITE, and COOL RUNNINGS. Le Pogam headed up acquisitions, marketing, and theatrical distribution for Gaumont in 1985-93, where he and his team were responsible for the French release of A PASSAGE TO INDIA, ANGEL HEART directed by Alan Parker, Jean Jacques Beineix’s BETTY BLUE, SUBWAY, LA FEMME NIKITA and THE BIG BLUE from director Luc Besson.

In this first Cannes outing since forming last year, Seven Stars will be enjoying the world premiere of James Gray’s THE IMMIGRANT on which Wu is also an executive producer, Nicolas Winding Refn’s ONLY GOD FORGIVES starring Ryan Gosling, and Guillaume Canet’s BLOOD TIES. Seven Stars holds the Chinese distribution rights to all three titles. The Angel Storm deal was negotiated by Fred Milstein, Chief Executive Officer of Seven Stars Entertainment, on behalf of the company.