Innovative backs 'Looper,' 'Parker' pix

Innovative Films has devoted to the arrival features "Parker" and "Looper" by delivering acquisition of music budgets and music supervision for your films. Innovative introduced the deals Tuesday, that it'll receive rights for the films' music afterwards. Three-year-old Innovative provides advance funding more than 140 films, most particularly "The King's Speech." "Parker," just wrapped and stars Jason Statham and Jennifer Lopez, which is directed by Taylor Hackford. CEG's investment ended with Incentive Shot Entertainment, that's funding the film along with Current Entertainment and Sidney Kimmel Entertainment. "Looper," directed by Rian Manley using their own script, is funded by Endgame Entertainment and stars Ernest Gordon Levitt and Bruce Willis. "These deals all involve films with large casts and noted filmmakers that have the world level, that's our sweet place," mentioned CEG chief professional Philip Moross. CEG's enterprize model involves changing funding for just about any film's music budget (including scoring, clearances and music supervision) too just like-kind services. It recoups its investment via soundtrack and written music sales, plus, certification and royalties from worldwide ticket sales and TV deals. Innovative introduced in May at Cannes it had devoted to romantic comedy "Lola Versus" and Nicolas Winding Refn's actioner "Drive," starring Ryan Gosling, Carey Mulligan and Christina Hendricks. In 2008, Innovative received an initial investment of $15 million from investor Aberdeen Resource Management, and its first multipicture deal with Joel Silver's Dark Castle Entertainment this past year. Contact Dork McNary at dork.mcnary@variety.com