Open Road Gets Multiyear Financing Deal for Two to Four Films Yearly
The new pact with Crystal City Entertainment/Boundary Stone Films calls for the development of two to four films per year.
Open Road Films has signed a multipicture deal with Crystal City Entertainment/Boundary Stone Films that gives the company a cash infusion to develop its own movie projects.
Two to four films a year are expected to be developed through the pact, with each film getting a wide domestic release via Open Road. Foreign sales will be handled by Open Road International and partner FilmNation.
“We are confident that backing their productions in the earliest stages is a smart investment for our companies,” Ari Daniel Pinchot of Crystal City Entertainment/Boundary Stone Films said Thursday in a statement.
Open Road has released such movies as Jake Gyllenhaal’s Nightcrawler and Liam Neeson survival pic The Grey.
Said Open Road’s Tom Ortenberg: “Their development financing investment will lay a strong foundation for future projects.”
In the past, Crystal City/Boundary have funded such projects as The Ides of March and Lee Daniels’ The Butler.