Film veterans David Fenkel, Daniel Katz and John Hodges are teaming up on A24, a new distribution company the will launch in advance of the Toronto Film Festival.
The company hopes to release eight to 10 films a year, several of them theatrically. It will produce and acquire movies.
Fenkel is best known for starting Oscilloscope Laboratories, the producer of such challenging indie fare as "Meek's Cutoff," "The Messenger" and "Howl."
Katz oversaw film financing at Guggenheim Partners.
Hodges has been an acquisitions executive at Focus Features and USA Films. He was most recently head of production and development at Big Beach Films.
“We see an exciting opportunity right now for movies in the domestic space especially given all the new ways to target moviegoers and the changes that are happening in the marketplace,” the three men said in a joint statement. “We are looking forward to working with great storytellers to bring their films to audiences.”
The company recently leased space at the Starrett-Lehigh Building on West 26th Street, the home of Martha Stewart and Tommy Hilfiger, according to a report in the New York Observer.