Entertainment One has made a pact with Paranormal Activity producer Steven Schneider and Adi Shankar who worked on The Grey for micro-budget movies through its distribution network. The multi-project production pact with Schneider and Shankar who are both partners at Room 101 inc., two movies will be produced annually which Entertainment One will co-finance and will distribute globally but not in the U.S market it is reported. “With this co-financing venture, we are taking a more global approach to films, allowing all of our territories to distribute the slate and providing our international sales teams with highly-commercial pictures for distribution around the globe,” Patrice Theroux, president of filmed entertainment at Entertainment One said Monday.
Benedict Carver a senior Vice Principal of filmed at the Canadian producer will also be heavily involved. Schneider followed-up Paranormal Activity with a further two sequels for Paramount, with a fourth entry to be released this October.
Schneider’s has also been involved as a producer on Insidious, another micro-budget movie that brought in over a $100 million worldwide.
