Former PayPal executive Jack Selby has launched his new production company Incognito Pictures, inking a long-term distribution deal with The Weinstein Company.
The company's plan is to release between five and six movies per year, with each budgeted no higher than $10 million. Incognito Pictures has secured $50 million in financing capital. Here's what chairman Jack Selby and CEO Scott G. Stone had to say about Incognito Pictures.
"What makes Incognito unique is that we have secured significant permanent capital which historically has been applied to films at higher price points. Instead, we have a unique opportunity to fill an underserved market of more modestly budgeted films with specialized content that appeals to audiences, both domestically and abroad."
The company plans to announce their initial slate of films in February.