Neon has formed a strategic financial partnership with Ken Kao’s Waypoint Entertainment, the full-service production company behind The Favourite and The Nice Guys, to deliver a slate “of bold, genre-spanning films for savvy theatrical audiences,” the distributor said.
The partners will focus on larger indies in the $10+ million range. Neon said the investment will expand its production and distribution arms.
A non-exclusive venture, it comes after Neon and Waypoint’s recent collaboration on Tilman Singer’s Cuckoo starring Hunter Schafer and Dan Stevens, which debuted in the U.S.
at SXSW following its world premiere in Berlin last month. NEON will release Cuckoo in theaters this spring. There were no details of Waypoint’s financial commitment or the number of films contemplated.
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