Exclusive: Veteran producers Frida Torresblanco (Pan’s Labyrinth) and Frank Murray (First Reformed) have teamed up to launch Hangtime International Pictures, a new transatlantic production company headquartered in London and New York.

Backed by an eight-figure investment out of New York, the company will focus on developing and producing what London-based Murray and NYC-based Torresblanco described to us as “U.S. and regional content with global appeal.”

The partners told us they will work on high-end, specialist, and mainstream content across film, television, and documentaries in both English and Spanish. In addition to the US and Spain, Torresblanco and Murray told us they will prioritize producing content in other key markets, including the UK, Ireland, Australia, Canada, and Latam. The company is currently in the process of securing cash for an additional development fund.

“We are so very thankful to our backers for believing in our vision for Hangtime,” Murray told us.