Fox Sets Russo Brothers In Co-Finance & WW Distribution Deal For New Movie Projects
EXCLUSIVE: Avengers: Infinity War directors Joe and Anthony Russo are zeroing in on a major deal with 20th Century Fox for their unnamed production company that will fully launch in January after they complete back-to-back Avengers sequels. Sources said the Russo Brothers are closing a long term non-exclusive pact for Fox to co-finance and distribute worldwide features generated by the new venture. The company will have put pictures included, and the venture will provide the other half of the financing for its films. I understand there was competition among studios to land the deal.
The Russo Brothers had a comfort level with and respect for Fox film chief Stacey Snider that goes back to her days at Universal. Snider was the entry point, and they met and hit it off with production chief Emma Watts, sources said. The duo has been working on the launch of this venture for over a year, with an eye toward directing films and producing others, and creating a feeder system for emerging talent. The Fox deal will allow them to start as a funded mini-major.