Independent film financiers Emmett/Furla Films and Envision Entertainment have added $275 million to their film fund, the companies announced on Monday.
The two companies, one led by Randall Emmett and George Furla, the other by Stepan Martirosyan and Remington Chase, established the fund last September to finance “high-end, star driven commercial features” in collaboration with prominent production and distribution companies.
At the time they had raised $250 million, and in Monday's announcement they said they have since entered production on eight films.
“Raising money in this market place is extremely tough, but between both our companies, we were able to raise another fund and are excited to work with talented actors and filmmakers in 2013,” Emmett said in a statement. “Stepan, Remington, George and myself cannot be more excited about the next couple years,” stated Randall Emmett.
They have already financed films such as “Motor City,” which stars Gerard Butler, “2 Guns,” a co-production with Universal that stars Denzel Washington and Mark Wahlberg, and Lionsgate/Summit’s “The Tomb,” which stars Sylvester Stallone and Arnold Schwarzenegger.
Four of those movies — "End of Watch," "Lay the Favorite," "Alex Cross" and "Broken City" will be released in the next few months.