Under a three-film agreement, iQIYI will also invest in horror pic “The Beast,” from H Collective president of production Sherryl Clark, and a currently untitled Manga project.
The two companies already have a three-picture co-production pact. The new agreement expands it to a six-film deal.
Los Angeles-based H Collective, which was established last year, seeks to develop and produce films that can be equally profitable in China and the rest of the world.
Action comedy “Counter Spy,” written by former Marvel executive Craig Kyle from an original draft by David Rothenberg and Lionel Enns, is expected to be the first film flowing from the H Collective-iQIYI deal. Production is slated to begin in early 2019.
Earlier this year, the H Collective acquired the “xXx” franchise