Guerra creates Nostromo Pictures

MADRID -- Spain's Adrian Guerra, producer of Rodrigo Cortes' Sundance hit "Buried," has created a new production label, the Barcelona-based Nostromo Pictures. Its first two completed productions will be Cortes' paranormal thriller "Red Lights," with Robert De Niro and Sigourney Weaver, and the Kinology-sold horror thriller "Emergo," helmed by Carles Torrens. Both are in post-production. Guerra's Madrid-based production-distribution shingle Versus Entertainment is now focusing just on distribution. Versus releases classic and art films on DVD. As a producer, however, I've been moving into far bigger films, such as 'Red Lights,' " Guerra told Variety. I wanted to distinguish the two activities more. It was hard to persuade sales agents that Versus was really a niche distributor when it was producing relatively big movies." Its Barcelona base also allows Nostromo to benefit from Catalan government subsidies channeled through its Icic institute, Guerra added. Nostromo is owned by Versus founders and shareholders Guerra, Jose Tito Martinez, Miguel Nadal and Alejandro Miranda. Guerra will continue to grow his production activities, he said. As part of this expansion, Nostromo has tapped Ferran Herranz, a former exec at Spanish distrib Wide Films, to oversee deals for Spanish distribution, as well as pacts with international sales agents. Red Lights" will be ready for delivery January 2012, Guerra said. Contact the Variety newsroom at news@variety.com