BLUMHOUSE PRODUCTIONS, IVANHOE PICTURES AND PHANTOM FILMS FORM A PARTNERSHIP TO CREATE LOCAL LANGUAGE GENRE MOVIES IN INDIA
Partnership Brings Together Leaders in Indian and Horror Film Production
Blumhouse Productions, Ivanhoe Pictures and Phantom Films announced today that they have formed a multi-year partnership to produce local language genre movies in India. The deal calls for the production of a minimum of ten films over five years.
Ivanhoe, the recently launched Asian focused film and television production company, will finance the films, Phantom, which is India's first director led production house, will produce while one of its founders Anurag Kashyap, the acclaimed Indian filmmaker, will direct one of the movies and Blumhouse will help oversee the creative, bringing its expertise creating horror franchises like Paranormal Activity,The Purge, Insidious and Sinister. The films will be released in India under the Blumhouse brand, which has generated success in the area. Distribution will be announced at a later time.
Ivanhoe co-founder and CEO John Penotti commented: "We are so pleased to be part of this extraordinary partnership. Blumhouse and Phantom are two of the film world's most innovative and forward thinking producers of highly commercial, quality driven films in the market. We look forward to many years of productive and thrill-filled collaboration."
Madhu Mantena, one of the founders of Phantom Films said: "We are very proud of being part of this first of its kind association in the Indian Sub Continent and couldn't be more excited about our collaboration with the progressive creative forces of Blumhouse and Ivanhoe. Look forward to some terrifying films from India."
Jason Blum, founder and CEO of Blumhouse said: "Ivanhoe and Phantom are the perfect partners to help create engaging, terrifying films for the rapidly growing Indian market. We are excited to bring our approach of empowering filmmakers to tell their favorite genre stories to local-language productions."
The deal was negotiated on behalf of Ivanhoe Pictures by CFO Suraj Gohill, CAA for Blumhouse and CAA KWAN for Phantom.
About Ivanhoe Pictures
Ivanhoe Pictures was formed in 2013 as a motion picture and television financing and production entity, focusing on content for a global audience. The company pursues production opportunities that bridge North American and Asian film and TV communities. Last year Ivanhoe announced a $130mil co-financing pact with Fox International Productions, concentrating on select local language pictures in China, India, Korea, Japan and Taiwan. In addition to their burgeoning development slate, the Company has partnered with producer Nina Jacobson (Hunger Games) to finance and produce Kevin Kwan's comedic best-seller, Crazy Rich Asians. Ivanhoe Pictures has offices in Los Angeles, Beijing and New York.
About Phantom Films
Phantom Films is India's first 'Directors' Company'. It has been formed by four young creative minds of the country, viz. Vikas Bahl, Anurag Kashyap, Vikramaditya Motwane and Madhu Mantena. They have joined hands to start a journey with a distinct focus on fostering creative energies to develop enduring and entertaining content. They have had 3 releases till now Lootera, Hasee toh Phasee & Queen, and have a slate of releases lined up like Ugly, Bombay Velvet, NH10 & Ghoomketu.
About Blumhouse Productions
Blumhouse Productions, which has a first-look deal with Universal Pictures, is a multi-media production company that has pioneered a new model of studio filmmaking- producing high-quality micro-budget films. Since its launch, Blumhouse has produced the highly profitable Paranormal Activity, The Purge, Insidious and Sinister