PalmStar Media, Thunder Road Ink $200 Million Financing Partnership
The two companies are behind the new Keanu Reeves action movie 'John Wick'
PalmStar Media Capital and Thunder Road, who partnered to finance and produce the new Keanu Reeves action movie John Wick, have cemented a long-term financing agreement to keep the partnership going.
According to the two companies, the deal provides Thunder Road with access to more than $200 million in annual production equity, allowing it to fully finance and produce five or six filmmaker- and star-driven independent films in the $20 million to $50 million budget range per year.
It will also allow them to finance and co-finance the development and production of larger studio projects.
Read more 'John Wick': Film Review
Finally, it provides more than $5 million in annual development capital for Thunder Road.
PalmStar, its partner Merced Capital and Thunder Road will work together to develop properties both outside of studio channels and in conjunction with studios and other producers and financiers.
PalmStar and Thunder Road are already working on their next project: The Civilian, which will star Jackie Chan and is to shoot in March 2015.
John Wick opens Oct. 24.