Sales agent Submarine Entertainment and financier Grosvenor Park Media are launching a venture to invest in non-fiction programming for cinemas, television, SVOD platforms and web outlets.
Creative development and production will be overseen by Submarine principals Dan Braun, Josh Braun, and David Koh, while Grosvenor Park Media will provide financial expertise and strategic planning as well as financial and credit resources.
Submarine will also handle domestic and international sales for the company’s portfolio of films.
Led by founder and CEO Donald Starr and partner Joe Kaczorowski, Grosvenor Park is a privately held specialty finance firm that has provided more than US$1 billion in backing for feature films and television. Starr credits Grosvenor Park associate Stanley Buchthal of the Dakota Group with bringing the parties together.
“Stanley has worked with both us and Submarine and we all share a passion for and belief in the power of documentaries,” Starr said in a statement. “We have seen the non-fiction form change and evolve, becoming one of the most unique forms of artistic expression, and we have seen Submarine’s movies change the world in a short amount of time. This partnership makes perfect sense and puts both of our companies ahead of the curve.”
Submarine has represented several high-profile documentaries over the years, including Oscar winners Citizenfour, 20 Feet from Stardom, Searching for Sugarman, The Cove, and Man on Wire .
Its roster at this year’s Sundance Film Festival includes Norman Lear: Just Another Version of You, Werner Herzog’s Lo & Behold: Reveries of the Connected World, and Penny Lane‘s Nuts!. Thorsten Schutte’s Eat The Question: Frank Zappa in His Own Words (pictured) was picked up by Sony Pictures Classics, while Weiner was picked up by IFC Films and Showtime.