Chinese entertainment conglomerate Huace Group and Arclight Films have signed a strategic alliance for a multi-faceted $300 million feature film collaboration.
Their co-venture Aurora Alliance Films plans to develop, finance and produce a slate of high concept international co-productions. The first titles have secured top-tier Hollywood directors to be announced soon.
Huace and Arclight Films have begun work on the action-thriller Lights Out and are in final negotiations with a Hollywood director.
Also in the works is Safecrackers, a crime-action feature written by Paul Staheli, to be directed by Gregor Jordan whose credits include Buffalo Soldiers, Two Hands and Ned Kelly.
The group is also developing a big budgeted Chinese co-production, an action thriller, with Thunder Road’s Basil Iwanyk, who recently produced Gods Of Egypt, the $200 miliion film directed by Alex Proyas.
The producers are in negotiations with James McTeigue to direct. McTeigue made his directorial debut in 2006 with box-office hit V for Vendetta. The film will shoot in Australia and China in 2016.
The new venture is actively looking to develop, produce and finance co-productions with high-profile talent across all disciplines.