, have launched Simmons/Hamilton Prods. to develop, finance and produce feature films.
The company is backed by a multi-billion dollar fund manager that is providing slate financing through a revolving finance facility. Arclight Films’ CFO Brian Beckmann was responsible for closing the slate funding deal. All films created under the new company — which was first discussed five years ago, and recently firmed up — will be produced by Simmons and Hamilton, both of whom are in Cannes for the festival.
The film is produced by Simmons, Hamilton, Arclight Films’ Ying Ye and Rob Van Norden. Arclight Films is launching worldwide sales on “Deep Water” at the Cannes market. Simmons added: “Throughout my storied history in the music business, I’ve met all sorts of characters, but Gary Hamilton is the real deal! He’s a remarkable film executive and a great collaborator who, along with the fantastic team at Arclight Films, brings his expertise and outstanding knowledge of the film industry to this partnership. I am pumped and excited to be launching ‘Deep Water’ as our first project together with the action maven Renny Harlin at the helm.