UK-based CrossDay Productions, run by Pippa Cross and Janette Day, will benefit from a new “substantial investment” from a sale of 25% of their equity to a non-film-industry high-net-worth individual.
The company will use the new capital to ramp up its development slate and greenlight two more features later this year.
The new slate includes a remake of Tom Jones, from a screenplay by Matthew Faulk and Mark Skeet (Vanity Fair), to be directed by David Drury. The film is out to cast now and will start shooting in the fourth quarter of 2010.
Other projects on the development slate for CrossDay include romantic black comedy Hughie, about a rural undertaker’s love life, to be written and directed by Tim Sullivan (pictured); the adaptation of Maggie O’Conner’s best-selling novel The Vanishing Act of Esme Lennox, about a woman who spends 50 years unnecessarily confined to a mental hospital; and Belfast-set revenge thriller Wolves In The City to be written by Jonathan Harren.
The company also plans a second film from Tom Williams, director of Chalet Girl, in partnership with Kaleidoscope Films.
Cross and Day said in a statement: “Development coin has always been the most difficult investment to find and we are delighted that our production track record has attracted our new partner. He wishes to remain a silent partner but he will be investing in CrossDay in each of the next three years, enfranchising us to enhance and bring our existing development slate to fruition.”
CrossDay’s recent productions are Heartless starring Jim Sturgess, to be released by Lionsgate UK on May 21, and romantic comedy Chalet Girl starring Ed Westwick, Bill Nighy and Felicity Jones. The latter is now in post for a first-quarter 2011 release by Momentum Pictures.
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