Emmett/Furla Recommit with Millenium
Emmett/Furla Films has renewed their nonexclusive agreement with Millenum Films to produce at least eight pics a year budgeted in the $25 million-$65 million range over the next three years. According to Variety, the companies have completed more than 25 films over the last five years. From George Furla,
"Our relationship with Avi [Lerner] and Millennium is truly multidimensional. Not only are we able to cash-flow pre-production and development costs, we can also fully fund the negative costs of entire projects. By doing this, we are able to spread the risk and can thus produce more projects together."Tapping into its private equity backing, Emmett/Furla has provided money for both development and production, including development funds. Outside of its deal with Millenium, the company has provided partial and complete production funding for such films as "King of California" and "The Tenants."
Emmett/Furla is a wholly-owned subsidiary of public company Family Room Entertainment (FMLY).