Arclight Films Inks $300M Production Deal With Chinese Entertainment Conglomerate Huace Group
The pair's newly formed Aurora Alliance Films plans on at least three movies per year.
Movie sales company Arclight Films said Wednesday it struck a deal with Chinese entertainment conglomerate Huace Group to form a $300 million collaboration for delivering movies through their recently created Aurora Alliance Films production company.
The companies intend on delivering at least three films per year and say that they have secured "top-tier Hollywood directors" for several movies to be announced shortly. The movies are described as "Chinese, American and Australian English-language co-productions."
Huace and Arclight were already partners, having previously announced that they were working together on the upcoming action-thriller Lights Out as well as Safecracker from Buffalo Soldiers director Gregor Jordan.
Arclight and Huace are also producing what they are calling "one of the biggest budgeted Chinese co-productions ever mounted."
The pair are also negotiating for V for Vendetta director James McTeigue to direct a movie described as "a controversial international action film."