The film fund created by Imagenation Abu Dhabi, a wholly owned subsidiary of Abu Dhabi Media Company, and Participant Media, will partner in the productions of Furry Vengeance and The Crazies.

The fund, created in September 2008, is a five year revolving fund to provide production funding for 15-18 feature films.

The Crazies is a horror/thriller teaming Participant Media and Imagenation Abu Dhabi with Overture Films, which will distribute in the United States and Canada, with Paramount Vantage handling international sales.

Participant Media and Imagenation Abu Dhabi are joining forces with Summit Entertainment on the family comedy Furry Vengeance, which Summit will distribute in the United States. Summit will also handle international sales for the rest of the world.

The Crazies is inspired by George A Romero’s 1974 cult classic of the same name, in which the inhabitants of a small Iowa town are beset by insanity and then death after a mysterious toxin contaminates their water supply.

Furry Vengeance stars Brendan Fraser (JourneyTo The Center Of The Earth, The Mummy) as a man who uproots his family from the big city to launch a new housing subdivision in the Oregon wilderness where he encounters a unique group of protesters who don't want their homes disturbed.

“The speed in which this fund has become a reality and the robust pipeline of projects in development bodes very well for our collaboration,” said Imagenation Abu Dhabi, CEO Ed Borgerding.

“This partnership allows us to move aggressively in the development, production and release of quality feature films. Both the films are representative of the types of productions that we look forward to partnering on in the future,” added Participant Media, CEO Jim Berk.-TradeArabia News Service