The company opens its doors today with $400 million in capitalization, including $150M through Ingenious Media, and will be involved in fully financing, producing, developing, selling internationally and distributing feature films in the U.S. on a wide-release basis. The plan is for Solstice to produce 3-5 movies a year for a global audience in the $30M-$80M range, while acquiring another 2-4 titles a year.
For its productions, Solstice will target movies with global appeal, primarily in the action, thriller and action-comedy space. In the American acquisitions arena, the company will consider any film that merits a wide U.S. release including action, thriller, comedy, romantic comedy, science fiction and horror. Solstice Studios is expected to grow to