MUMBAI: Production company Ivanhoe Pictures was launched in Toronto earlier this year by Ivanhoe Capital Corporation principal Robert Friedland, GreeneStreet president and co-founder John Penotti, and Beijing-based Ray Chen, founder and chairman of Beijing Premiere Media Company. At launch, the company said it would finance and produce film and TV projects that have broad global audience appeal, initially seeding opportunities in America and Asia, focusing on China, India, Korea and Japan.

Fox International Productions, which has a lucrative local-language business in Asia and elsewhere, is now teaming with Ivanhoe in a four-year, multi-picture co-financing deal for homegrown movies in India, Korea, China, Japan and Taiwan. The pact will kick off with Ivanhoe investing in 10 FIP-produced films in varying stages of production. The investment from Ivanhoe signifies the strength of FIP’s local-language business which is also active in Latin America and Europe.