Joel Silver partners with Studio Babelsberg

Deal is in addition to existing co-financing arrangement

COLOGNE, Germany -- Joel Silver has signed a five-year co-production deal with Germany's Studio Babelsberg for the features he produces under his ongoing agreement with Warner Bros.

The deal is in addition to Babelsberg's standing co-financing arrangement with Silver for the 15-film slate produced by his Warner-backed genre label Dark Castle.

Silver has shot three of his last three features in Babelsberg: "Ninja Assassin," "Speed Racer" and "V for Vendetta." The first film under the new deal will start production at the venerable German studio next spring.

"This new arrangement with Joel Silver is part of our strategy to establish long-term slate deals with established, successful Hollywood producers," Studio Babelsberg CEO Carl Woebcken told The Hollywood Reporter. "On the one hand, it helps us guarantee a certain number of big films shoot here and on the other it allows us to participate in the success of these productions."

Babelsberg is in negotiations with another, unnamed producer for a similar slate deal, which it expects to close in early 2009.
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