EXCLUSIVE: Peter Luo’s Stars Collective is launching a new AI joint venture and fund with Dubai-based LH International.
The companies said they will select projects across film, TV and digital, establishing a fund “with a target size of $300M” that will provide development and production finance.
The JV will utilize AI to develop, produce and distribute content. The goal is to back a slate of projects for the international market.
Announcing the JV and plan to create the content fund, the partners said: “It will draw on Stars Collective’s entertainment IP, its network of affiliated and signed artists, creators and industry talent, and established Hollywood development, production and global distribution resources, together with LH International’s capital resources, project experience and its business and industry network overseas.”
Stars Collective’s Co-CEO Nancy Xu will lead the partnership. She was an exec producer on Netflix’s The Rip, starring Matt Damon and Ben Affleck.
Xu said: “With AI technology and computing power behind us, we aim to improve the efficiency of content development and production, and to incubate projects that can reach a global audience and have long-term franchise potential.”
Elena Chen, CEO of International Investment Strategy at LH International, added: “By combining [Stars Collective’s] content and Hollywood industry resources with LH International’s capital resources, project experience and its work building AI computing centers overseas, we can jointly establish a content business built for the global market. AI technology, computing power and the content fund will give that business a new engine for growth.”
Luo founded Stars Collective in 2020 as an IP incubator built around a mentor system of filmmakers and directors. Recent films from Stars Collective and Luo include The Monkey, The Rip and The Garfield Movie. Upcoming projects include a Mandarin-language adaptation of Sundance pic Thelma, called Grandma, Please.
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