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Mexican directors ink $100M studio deal
2007-05-19
The three Mexican directors who shook up Hollywood last February with 16 Academy Award nominations have formed a moviemaking partnership with Universal Pictures worth a reported $100 million. Guillermo del Toro, Alfonso Cuaron and Alejandro Gonzalez Inarritu will produce five movies, some of them in Spanish, the Los Angeles Times reported Saturday. "These filmmakers truly represent the importance of cultural diversity for the global audience," said David Linde, co-chairman of Universal Pictures. The trio, who individually directed "Pan's Labyrinth", "Babel" and "Children of Men," will call their production company Cha Cha Cha. Universal plans to distribute the trio's films abroad. A U.S.-Canadian distributor was not named. The total cost of the films could reach $100 million, according to the Times. The three have marketed themselves together since their stunning Oscar success. Del Toro directed "Pan's Labyrinth," which won three Oscars and was nominated for six. Gonzalez Inarritu's "Babel" was nominated in seven categories, including best picture and best director, and won for best original score. Cuaron's "Children of Men" was nominated in three categories.
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