NEW YORK, Dec. 15 (UPI) -- Syfy Ventures and Universal Pictures say they are joining forces to create Syfy Films, a U.S. company that will develop and produce theatrical motion pictures.
Beginning in 2012, Syfy Films will distribute one or two science-fiction, fantasy, supernatural or horror movies a year through Universal Pictures.
The announcement was made Wednesday by Dave Howe, president Syfy and Chiller; Mark Stern, executive vice president of original programming for Syfy and co-head of content for Universal Cable Productions; Universal Pictures Chairman Adam Fogelson and Co-Chairman Donna Langley.
"We know there is an incredible consumer appetite for genre content as proven by the top-grossing box-office films," Howe and Stern said in a joint statement. "Partnering our brand with the theatrical talent of Universal Pictures, a premier motion-picture company, will allow us to exploit our combined expertise and resources to create commercially successful quality films that have the potential to become great franchises for the whole company."
"Syfy has been incredibly successful in finding ways to produce compelling entertainment for a specific audience," Fogelson and Langley said. "Joining together to find moderately budgeted projects that we can develop using their expertise and their brand is a great opportunity for both of our companies."