LOS ANGELES and BEIJING, April 5, 2017 /PRNewswire/ -- Jiaflix Pictures, an independent production company with operations in China and the U.S., and investment partner 1905 Pictures, a label under China Movie Channel, have teamed up with di Bonaventura Pictures to produce the $100 million futuristic action-thriller SPEEDHUNTERS (working title). The film's principal photography begins July 2017 in Shanghai and Germany's famed Studio Babelsberg with other exotic locations worldwide. It is scheduled to be released in summer 2018.
Set in the near future, SPEEDHUNTERS is an action-thriller in the world of Formula racing where a colorful team of racers and crew get drawn into high intrigue around a revolutionary technology threatening to change the world as we know it.
"SPEEDHUNTERS has all the tenets of a global franchise with its action sequences, visual effects, relatable characters and a storyline that takes ordinary people through a journey of extraordinary circumstances," explains producer Lorenzo di Bonaventura. Di Bonaventura is behind mega-franchises like G.I. Joe and the Transformers series, which alone has generated $3.8 billion at the box office. He received a Career Achievement Award from the Zurich Film Festival in 2016.
Rob Cohen (The Fast and The Furious, xXx, The Mummy: Tomb of the Dragon Emperor) directs from a script by Josh Parkinson (Free Country), who has written feature scripts for Warner Bros., Paramount, Sony and MRC, with his most recent projects set up at Lionsgate and Universal.
"When SPEEDHUNTERS was sent to me by Lorenzo di Bonaventura and Marc Ganis, I was immediately engaged by the story and characters. Opportunities to capture speed and action in a new way, using new filmic techniques are rare and valuable to me. So it was with Josh Parkinson's script. It told a story on which I could build a tapestry of break-the-limit speed, adrenaline, and a core group of great characters. What more could a director want?" adds Cohen.
Joint partners Jiaflix, 1905 Pictures and China Movie Channel teamed with Paramount Pictures and di Bonaventura in 2014's top-grossing movie Transformers: Age of Extinction. The Beijing-based venture was involved in the film's production as well as the design and implementation of the China marketing, anti-piracy and grass roots programs that resulted in record-shattering box office. Transformers: Age of Extinction grossed more than $300 million in China, smashing the previous record by more than 40% to become the most popular movie in China's history at the time. This new venture aims to make SPEEDHUNTERS a highly anticipated film and one of the next great franchises for movie fans around the world.
"We are excited to work with Hollywood powerhouses Lorenzo di Bonaventura and Rob Cohen, both who have exceptional track records in developing and directing multi-billion dollar franchises," says Jiaflix President Marc Ganis. "Coupled with our team that propelled the 4th installment of the Transformers franchise to unprecedented success in China, we look forward to creating the next big action franchise with SPEEDHUNTERS that will drive demand and box office performance worldwide."
"This venture is a reflection of the growing interest and strength of China-U.S. partnerships in bringing excellent films to the international market," adds Jiaflix Founder Kenneth Huang. Huang serves as Chairman of HuaHua Media, one of the most active China investors in Hollywood films, and is an independent board member of Shanghai Film Group.
Huahua Media is one of the main Chinese investment partners who have committed to SPEEDHUNTERS.
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SOURCE Jiaflix Pictures