Investors beef up Bandito Bros.
Action production house gets $18 mil to develop filmsBandito Bros., the Los Angeles-based HD production and post facility that specializes in high-octane action content, is getting an infusion of capital from private-equity group Hyperion Entertainment & Media Group and Legendary Pictures chairman and CEO Thomas Tull.
The deal is valued at $18 million, with Hyperion and Tull taking a stake in Bandito, which will use the funds to develop a slate of films (fictional and documentary), TV and new-media properties.
Bandito was founded in late 2006 by Mike "Mouse" McCoy, a champion motorcycle racer and stuntman, and Scott Waugh, a filmmaker and former president of Stunts Unlimited. In addition to McCoy, who serves as CEO and creative director, and Waugh, who functions as producer, director and editor, Bandito's principals include COO Max Leitman and chief technology officer Jacob Rosenberg.
Steering clear of CGI effects in favor of pedal-to-the-metal action-adventure filmmaking, Bandito has turned out footage for such clients as BF Goodrich, Ford, Volkswagen, ESPN X-Games, Navy Special Warfare and Xbox Live that has been used across multiple platforms from commercials to Web sites. It also is developing a feature film "Challenger," based on the life and death of slain auto racing promoter Mickey Thompson.
"Bandito Brothers style is so kinetic and exciting, it's as if they have created a new form of filmmaking," Tull said.
Before joining forces with Bandito, McCoy and Waugh produced "Dust to Glory," the 2005 docu about the Baja 1000 offroad race, and Waugh was a co-producer of the 2003 surfing docu "Step Into Liquid." n