While Stratos by Yannis Economides caused devided reactions to the critics and audience after its premier at the 64th Berlin International Film Festival, its production company, Faliro House announced on February 11th in Berlin, a deal with FilmNation Entertainment. The two companies are partnering on a two-year fund that will pay for the development of four to eight projects a year. The deal is effective immediately.

The projects will be financed under FilmNation’s existing credit facility. According to the companies, the deal will allow FilmNation to further expand its strategy of acquiring high-profile development properties, while simultaneously broadening Faliro House’s slate with a number of marquee titles for the international marketplace. 

“It’s an honor when a man like Glen Basner asks you to partner up,” said Christos Konstantakopoulos, the president of Faliro House. “This will greatly help our goals in Greece and abroad, and we very much look forward to working with Glen and all the wonderful citizens of FilmNation." 

“We are thrilled to be collaborating with such a well-respected producer and financier as Christos and his company Faliro House,” said Glen Basner, CEO of FilmNation. “His exceptional taste in film aligns perfectly with FilmNation’s already existing slate and the support of this fund will greatly contribute to the success of future projects.” 

Faliro House was founded in 2008 and is a frontrunner in the reemergence of Greek cinema, while also operating an international division for co-productions worldwide. Since its establishment, Faliro House has been involved in many prestigious projects, such as Jeff Nichols΄ Take Shelter, Jim Jarmusch΄s Only Lovers Left Alive, Terrence Malick΄s Knight of Cups, Richard Linklater΄s Before Midnight and Alex Ross Perry΄s critically acclaimed 2014 Sundance Film Festival entry Listen Up Philip.

Future Faliro House titles include Athina Rachel Tsangari΄s Cheavlier, Babis Makridis΄ Pity, Yannis Economides΄ Stratos and The Lobster, from Oscar-nominated Greek director Yorgos Lanthimos.