Golden Chariots to Ride With $10 Million Film Fund (Exclusive)
The newly setup LA-based production and financing company is eyeing international and South Asian projects starting with India-themed debut feature “The Field.”
NEW DELHI - Film-maker Rohit Batra and financier Shawn Matthews have announced the launch of Golden Chariots Inc, a LA-based production and financing company with a $10 million revolving fund. Batra runs Invisible Man Pictures, a full service commercial and physical production house with clients including Sony Music, CBS Records and Leo Burnett. Matthews is a financier and consultant to numerous Fortune 500 companies.
GCI is represented by Brillstein Entertainment Partners, where Jai Khanna, a manager at BEP, is shepherding GCI's production slate and guiding its varied investments.
“The entertainment business is in the midst of tremendous change. Admissions are falling in the U.S., and technology is changing the way audiences experience films. As a result, filmmakers are increasingly targeting international markets, particularly Asia. GCI will focus on those films that can succeed not just in finding a domestic audience, but more importantly, a global one,” said Batra.
“Rohit's prudent philosophy in selecting and developing projects affords tremendous confidence in raising money for GCI. I am thrilled to aid him by bringing GCI’s projects to my extensive network,” added Matthews.
GCI’s operations will be two-fold: to fund gap opportunities under $1 million, as well as developing a slate of projects with individual budgets in the $5 million range. The venture's focus will be on international productions assembled through presales with South Asian co-productions being the initial focus. Distribution deals will be handled by GCI's in-house sales team, with India providing the bulk of the presales through television and digital rights.
GCI's first project is the $5 million budgeted The Field, written and to be directed by Batra, described as a drama revolving around “familial chaos, survival and deception after a Delhi crime lord’s death.” With private equity already raised in the U.S., the feature will begin production in Mumbai and New Delhi in September. Talent for the film is expected to be locked in by late summer.
”Our focus is to aggressively go out to US domestic and global markets for distribution with India being one of the many markets. India is an important market we will try to penetrate, no doubt, but we are not focused on it as our primary distribution,” said Khanna.