Thursday, March 20, 2008

Kate Bosworth's Laundry Warrior Film Gets Financial Deal

According to Screen Daily, Specialty finance and investment company Continental Entertainment Capital (CEC) has announced a single-picture financing deal for highly-anticipated, English-language action feature The Laundry Warrior.

Total production capital for the project, which stars Geoffrey Rush, Kate Bosworth and Korean star Jang Dong-gun, comes from a combination of CEC's financing and third-party equity.

Budgeted at $47m, The Laundry Warrior
is produced by Lord Of The Rings producer Barrie Osborne, Michael Peyser (Ruthless People) and Korea's Joo-ick Lee (Seven Swords).

The UK's Footprint Investment Fund provided earlier bridge financing in support of the project, which has just wrapped in New Zealand.

Written and directed by Sngmoo Lee, the film follows a fugitive Asian warrior played by Jang, who hides in the American badlands, where he encounters the town drunk (Rush) and a beautiful but troubled woman (Bosworth).

The action sequences of the film were designed in collaboration with Weta Digital of New Zealand. The visual effects are being executed by companies in the US, New Zealand and Korea. Kathy Morgan International is selling international rights, while North American rights are being handled by Osborne and Peyser.

Launched in April 2007, and based in New York and Los Angeles, CEC is an affiliate of Citi's Global Special Situations Group.

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