Fox International Productions and Ivanhoe Pictures Announce Asian Film Co-Financing Arrangement

  Fox International Productions and Ivanhoe Pictures Announce Asian Film
  Co-Financing Arrangement

Business Wire

LOS ANGELES -- November 12, 2013

Fox International Productions (FIP), a division of 20^th Century Fox Film, and
Ivanhoe Pictures, the film and television company recently launched by
international financier Robert Friedland, producer John Penotti and media
executive Ray Chen, have closed a four-year, multi-picture, co-financing deal
for local-language films in India, Korea, Japan, China and Taiwan. Ivanhoe’s
initial allocation is $130 million.

FIP President Sanford Panitch and Ivanhoe Pictures’ Chairman Robert Friedland
and President John Penotti made the announcement today.

“Last year, Asia as a whole represented 42% of the International box office
and local-language films globally account for $6.5 billion, or around 30% of
the total International box office,” said Panitch. “With the top four local
product markets all being in Asia (India, Japan, Korea and China), it
continues to be a priority for Fox International Productions as we expand our
activities in the region with this new deal. Robert Friedland is an
impressively forward-thinking and global-minded businessman and we look
forward to working with him and his team.”

Ivanhoe Pictures’ President John Penotti stated: “Ivanhoe Pictures was
launched with an initial mandate to cultivate finance, production and
distribution opportunities between North America and Asia. There is no better
partner than FIP to help realize these goals. Sanford and his teamhave taken
the time tofully understand the local markets and therefore excel by
collaborating with the best directors, producers and actors. We too believe in
this approach to global filmmaking. As we ramp upoperations in North America
and internationally, the Ivanhoe team looks forward to a long and fruitful
relationship with FIP.”

The pact begins with Ivanhoe investing in 10 FIP-produced films in varying
stages of production in India, Korea, China and Taiwan. Fox International
Productions recently crossed $500 million in box office from local-language
films it has produced since its inception just four years ago. FIP currently
is making films in 11 countries throughout Asia, Western Europe and Latin
America and is considered the most successful local-language film operation in
the world.

The deal was negotiated for Ivanhoe Pictures by
WalktheWalkEntertainment’sSteve Hutensky, Ivanhoe’s Head of Business
Affairs Brian Kornreich and Vice Chairman Gary Gartner.

About 20^th Century Fox Film

One of the world’s largest producers and distributors of motion pictures,
20^th Century Fox Film produces, acquires and distributes motion pictures
throughout the world. These motion pictures are produced or acquired by the
following units of 20^th Century Fox Film: Twentieth Century Fox, Fox 2000
Pictures, Fox Searchlight Pictures, Fox International Productions, Twentieth
Century Fox Animation and Blue Sky Studios.

About Ivanhoe Pictures

Ivanhoe Pictures, led by international financier Robert Friedland, John
Penotti and Ray Chen, finances and produces film and television projects that
have broad appeal to a global audience. The company pursues English and
local-language films in a variety of international markets. Ivanhoe recently
announced its plans to finance and co-produce with Nina Jacobson (HUNGER
GAMES) and Brad Simpson’s Color Force, Kevin Kwan’s bestsellerCRAZY RICH
ASIANS. Ivanhoe Pictures is based in Los Angeles, California, with offices in
Beijing and New York.

Photos/Multimedia Gallery Available:



Fox International Productions
Chris Petrikin, 310.369.4781
Ivanhoe Pictures
Brooke Blumberg, 323.822.9300
Press spacebar to pause and continue. Press esc to stop.