We've Got Hollywood Covered

Dick Cook Studios Lands $500 Million Financing Deal With China’s Film Carnival

Film Carnival will finance 100 percent of Dick Cook Studios’ movies; first project will be ‘Ranger’s Apprentice,’ directed by Paul Haggis

Dick Cook Studios and Film Carnival have announced that they are entering a $500 million motion-picture pact.

Under the agreement, China-based Film Carnival will finance 100 percent of DCS motion pictures, while DCS will be responsible for the development, production, worldwide distribution and marketing of films.

Moreover, DCS will help Film Carnival produce their own film slate in China. Through the agreement, other Chinese investors will have the opportunity to invest in Dick Cook Studios.

“We are thrilled to be working with Mr. Lou and his dynamic team at Film Carnival,” Cook stated, referring to Lou Xiaolou, chairman of Film Carnival. “They are not only visionaries in strategic financing but in the future of entertainment. They are the perfect partners as they are our vision of telling great stories for the entire family to be enjoyed across the globe.”

Their first joined film will be “Ranger’s Apprentice,” for which Paul Haggis and his daughter wrote the screenplay. Haggis is also set to direct and will begin production in the fall of 2016.

“Ranger’s Apprentice” is the first in the series of 12 books written by John Flanagan. It has been on the top of the New York Times Best Seller list for over 70 weeks.

Lou Xiaolou of Film Carnival said, “‘Ranger’s Apprentice’ is only the beginning to our strategic plan of a more comprehensive collaboration. I look forward to working together for the future of the art of filmmaking.”