Mandalay Vision to finance indie films

Headed by former Plum Pictures co-head Celine Rattray

Mandalay Entertainment is venturing into indie film financing.

Mandalay Vision will be headed by former co-head of Plum Pictures Celine Rattray and focus on films budgeted at $15 million or less.

Rattray's Plum credits include work on "Lonesome Jim," "Grace Is Gone," "Trucker" and "New York, I Love You."

Mandalay touted Rattray's "ability to raise and deliver financing steadily over a number of years, despite the overall economic downturn as well as major changes in distribution opportunities for independent pictures."

She will report Mandalay's Peter Guber, Paul Schaeffer, Cathy Schulman and Peter Strauss. Based in New York, Rattray will begin staffing the new unit shortly.

Mandalay Vision's initial film development slate includes "Salvation Boulevard," based on a Larry Beinhart novel that Mandalay Pictures optioned in 2009. George Ratliff ("Joshua") will direct from a script by Ratliff and Douglas Stone.

Mandalay Vision has also come aboard "The Kids are All Right" -- directed by Lisa Cholodenko and starring Julianne Moore, Annette Bening and Mark Ruffalo -- and "The Whistleblower," directed by Larissa Kondracki and starring Rachel Weisz, Vanessa Redgrave and David Strathairn.

Both were Plum projects with Rattray producing. "Kids" will premier at the upcoming Sundance Film Festival.