Joe and Anthony Russo, the brothers who directed the second and imminent third “Captain America” films as well as the upcoming two-part “Avengers: Infinity War” saga, are setting up a startup studio to be based in Los Angeles and Beijing says THR.
Anthem & Song will develop and produce Chinese-language films for China’s booming theatrical market which is expected to surpass North America next year as the largest theatrical market in the world.
Financial terms were not disclosed, but the trade claims the fund will have in the range of $200 million to $300 million to co-finance the studio’s initial output. They will be open to co-financing offers from the Hollywood studios, but Chinese partnerships are preferred.
The Russos have no plans to direct Chinese-language films, but will develop and produce with Chinese directors. Two films aim to be in production by the end of next year.