Partnership to finance, produce, acquire, market and distribute features.

20th Century Fox and Vice Media have entered into a partnership to finance, produce, acquire, market and distribute films under the Vice Films banner.

The label intends to produce at least two films internally a year.

As part of this joint venture Vice will have a first-look production deal with 20th Century Fox giving the brand the opportunity to develop larger budgeted films as well. In addition, Fox will have an opportunity to develop material based on Vice’s library of stories for potential feature films.

The joint venture was the brainchild of 20th Century Fox chairman and CEO Jim Gianopulos and Vice chief executive officer Shane Smith and chief creative officer Eddy Moretti.

Moretti will serve as the head of Vice Films. Vice executive creative director Danny Gabai will head up development and oversee creative on production and marketing.

Sanford Panitch, the president of Fox International Productions, and Salil Mehta, president of content nmanagement, will oversee Vice Films for 20th Century Fox.

In 2014 Vice released Sundance-winning Fishing Without Nets, the skateboard documentary All This Mayhem and forthcoming Iranian vampire film A Girl Walks Home Alone at Night.

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