Neon has shaped a strategic monetary partnership with Ken Kao’s Waypoint Entertainment, the full-service manufacturing firm behind The Favorite and The Good Guys, to ship a slate “of daring, genre-spanning movies for savvy theatrical audiences,” the distributor mentioned. The companions will give attention to bigger indies within the $10+ million vary.
Neon mentioned the funding will develop its manufacturing and distribution arms. A non-exclusive enterprise, it comes after Neon and Waypoint’s recent collaboration on Tilman Singer’s Cuckoo starring Hunter Schafer and Dan Stevens, which debuted within the U.S. at SXSW following its world premiere in Berlin final month. NEON will launch Cuckoo in theaters this spring.
There have been no particulars of Waypoint’s monetary dedication or the variety of movies contemplated. Neon, led by Tom Quinn, mentioned additional particulars on the slate can be introduced within the close to future.
Neon, which not too long ago launched a global gross sales division, is ready to deal with world distribution on every title to make sure they attain the widest viewers doable.
The deal was negotiated by Ryan Friscia and Emily Thomas for NEON with Waypoint’s Josh Rosenbaum and Alan Sacks at Frankfurt Kurnit Klein & Selz.
“Ken Kao and the Waypoint group have lengthy demonstrated their dedication and distinctive skill to create daring, stunning cinema,” mentioned Neon founder and CEO, Tom Quinn. “We’re past thrilled to hitch forces and proceed to ramp up NEON’s manufacturing of movies from probably the most revelatory, groundbreaking auteurs across the globe.”
“I’m excited to announce our strategic alliance with NEON to develop our slate,” mentioned Kao, Waypoint’s co-founder and president. “Our three way partnership will give attention to the underserved market of bigger impartial movies, particularly within the $10M+ vary that usually get missed by studios and streamers. This collaboration echoes our mutual ethos of championing movies with progressive storytelling and making certain they resonate deeply with hungry audiences.”
