EXCLUSIVE: Gold Tree, the mum or dad firm of Gold Tree Studios, has secured $1 billion in financing from Malka Group for its movie, tv, and animation slates.
Led by Gold Tree CEO and founder Tim Chonacas, the corporate will develop sound phases, gear leases, and post-production providers in key tax-incentivized states to assist its ongoing dedication to producing content material throughout a number of platforms whereas providing world-class studio services.
“We’re incredibly grateful to Malka for their belief in our vision. This financing will allow us to expand our studio footprint in other states & territories and keep developing innovative projects across film, TV, and animation. We’re excited to give back to our community and bring film jobs back to LA as well,” stated Tim Chonacas.
“Malka’s recognizes the strengths of partnering with Tim Chonacas, Gold Tree which exemplifies the agile, innovative spirit of independent production. We believe the company leverages a balanced ecosystem that drives creative breakthroughs and sustainable growth.” Said Moses Gross, CEO of Malka Group.
The first Gold Tree tasks below the brand new fund are at the moment in pre-production together with the TV collection Blown and the horror movie Final Trip, produced below its subsidiary Old Tree Films.
Final Trip rolls cameras in April, with each tasks actively casting and scheduled to shoot in Los Angeles. Final Trip was additionally represented by Etchie Stroh with Moonstone Entertainment at EFM. Gold Tree appears to be like to develop and produce no less than 10 movies per yr inside 3-30 million budgets throughout all genres.
The partnership with Malka adopted the current manufacturing of Lear Rex, for which Gold Tree offered full post-production VFX for the star-studded solid which counts Al Pacino, Jessica Chastain, Ariana DeBose, Rachel Brosnahan, Stephen Dorff, Danny Huston, and Peter Dinklage.
With the fund, Gold Tree Studios plans to ascertain extra manufacturing studios in tax-incentivized states to offer producers and creators with a one-stop hub for his or her manufacturing wants. Additionally, to assist native productions, Gold Tree is buying phases to develop its post-production and studio rental services in LA to convey manufacturing again to town.
Gold Tree beforehand introduced the darkish comedy Chili Finger, with a solid together with John Goodman, Bryan Cranston, Judy Greer, and Sean Aston. Etchie Stroh of Moonstone Entertainment dealt with pre-sales on the EFM/Berlinale for Chili Finger. Other titles will probably be introduced via 2025-2026 as movie growth and pre-production are launched.