Colombian production powerhouse Dynamo is preparing to shoot Peruvian co-production The Vanished Elephant as it enters post on Que Viva La Musica and Out Of The Dark.

Dynamo partner Michel Ruben told Screendaily that Javier Fuentes-Léon will direct The Vanished Elephant as his follow-up to the 2009 romance Undertow (Contracorriente).

The co-production with Fuentes-Léon’s El Calvo Films is scheduled to commence in October in Peru. The Vanished Elephant is a film noir and will star Salvador Del Solar from Peru and Colombia’s Angie Cepeda.

Ruben said the Lima-set story is inspired by the work of Argentinian novelist Julio Cortázar, the David Hockney collage Pearl Blossom Highway and David Lynch’s Mullholland Drive.

Production finished 10 days ago on Que Viva La Musica, a co-production with Mexico’s Anima. Carlos Moreno directs and his credits include Sundance 2011 entry All Your Dead Ones (Todos Tus Muertos) and Sundance 2008 selection Dog Eat Dog.

Alex Garcia is the Mexican producer and Cine Colombia will distribute in Colombia in January. Dynamo is in talks with sales agents.

Meanwhile the supernatural thriller Out Of The Dark starring Scott Speedman and Julia Stiles is now in post.

Lluis Quilez directs the Colombian-Spanish co-production with Apaches backed by Participant Media that is one of the first to fall under the auspices of the Participant PanAmerica fund. LA-based XYZ Films serves as executive producer and a sales agent will be announced shortly.

“The objective of the fund is to produce films for and from the region,” said Ruben. “Participant has realised the potential Latin America has as a growing market and realised the talent here.”

Colombian producers are scouring the BAM market in Bogota in search of funding and distribution. Bhakti Films founder Carolina Herrera, who worked at Dynamo in 2011 as in-house production manager, is touting For A Fistful Of Hair (Por Un Punado De Pelos).

The comedy stars Columbia football icon Carlos ‘El Pibe’ Valderrama as the mayor of a town with a mystical lake that produces hair growth.

Néstor Montalbano shot the Argentinian co-production entirely in Argentina and Auro Films will distribute in Argentina on Nov 14 and handles international sales. Herrera is in talks with Colombian distributors and P&A sources and hopes to close deals shortly.

Herrera produces with fellow countryman Pablo Sarmiento alongside Montalbano, Esteban Lucangioli and Saula Benavente from Argentina.

Irene Torres of Blue Film is looking for US distribution and sales representation for its second feature A Town With No Shadows (Ciudad Sin Sombra). Bernardo Cañizares Esguerra directed the Ecuadorian co-production starring Colombia’s Alejandro Buenaventura.

Cuevasfilm’s Liliana Martin screens the rom-com Souvenir at BAM on Friday [12]. Martin is in talks with distributors and co-produced with Grupo En Mente. Andrés Cuevas wrote and directed. Martin is also showing a teaser for the animation Martin Luna.

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