EXCLUSIVE: There is a new monied production company getting off the ground here in Toronto. Ivanhoe Pictures has been launched by Ivanhoe Capital Corporation principal Robert Friedland, GreeneStreet president and co-founder John Penotti, and Beijing-based Ray Chen, the founder and chairman of Beijing Premiere Media Company.
Ivanhoe Pictures will finance and produce film and TV projects that have broad global audience appeal. They will start by seeding production opportunities in America and Asia, focusing on China, India, Korea and Japan while they pursue English and local language films in a variety of global markets. In other words, they will become a buyer, quickly, as they raise their own slate. The company will be headquartered in Hollywood, with offices in Beijing and New York. Friedland is chairman, Penotti CEO/president and Chen executive vice president. (more…)