Red Ridinghood dials 111
Firms pact for three day-date picsU.S.-based production outfit Red Ridinghood Prods., headed by producer Jerry Wolff, has sealed a three-picture production and distribution deal with U.K. indie production and sales banner 111 Pictures.
In a move away from traditional release patterns for movies, the companies said Sunday that they are opting for a day-and-date distribution plan for the trio of titles. It will see each movie debut theatrically and on VOD at the same time through 111 Pictures' Filmon platform.
The plan was unveiled by 111 Pictures chairman and CEO Alki David at the American Film Market.
Under the deal, 111 Pictures will co-finance and distribute three films produced together with Wolff ("The Hostage"). The executive producer on all three projects will be Basem Zakariya of Structured Capital Group.
The first film, "The Contract," is slated to begin principal photography in January in New Mexico with David directing the action thriller. Casting is under way.
The thriller "Adrift" will be the second film produced under the agreement and will be shot in Fiji in the spring. The producers are now in talks with directors.
The third film is in the works but has yet to be announced.
Filmon.com, a subsidiary of 111 Pictures, is a full-scale media download portal with close to 20,000 titles under management.
"We're especially keen to move forward with this innovative new day-and-date distribution model as we really believe this is what the market is moving toward," David said. "The Filmon.com platform is taking off around the world and will soon be debuting films from around the world through similar day-and-date programs."
111 Pictures will handle worldwide sales for the films.