Emmett/Furla Films, a company that has been growing more ambitious in the film financing and production arena, has teamed with Stepan Martirosyan and Remington Chase’s Envision Entertainment to establish a new $250 million revolving equity and debt fund to finance a new slate of star-driven commercial films. The fund was announced as EFF principal Randall Emmett comes to Toronto to make deals on films that include the Allen Hughes-directed political corruption drama Broken City, which stars Mark Wahlberg and Russell Crowe, and Frozen Ground, the fact-based thriller about a serial killer in Alaska that will star Nicolas Cage and John Cusack. Martirosyan and Chase are executive producers on the latter.
The fund carries no set restrictions on how and where capital is allocated, but it will continue EFF’s momentum. The company recently financed the Stephen Frears-directed Lay The Favorite — with a cast that includes Bruce Willis, Rebecca Hall, Vince Vaughn and Catherine Zeta-Jones — with films in the works that include the David Ayer-directed crime drama End of Watch with Jake Gyllenhaal and Anna Kendrick; Fire with Josh Duhamel, Willis and Rosario Dawson; and Freelancers, a drama that stars Robert De Niro, Forest Whitaker and Curtis “50 Cent” Jackson. EFF’s Emmett continues to be Jackson’s partner in Cheetah Vision Films, which has a deal at Lionsgate. EFF will make nine films this year. (more…)