David Glasser, David Hutkin Launch New Venture

Former Weinstein Company executives David Glasser and David Hutkin have launched a new outfit, 101 Studios, with more than $300 million in financing for new film and TV projects.

Financiers Ron Burkle, Bob Yari, Marc Leder, Marvin Peart, Dan Schryer and East West Bank are backing the new Century City-based venture, which plans to acquire, develop and produce four to six films a year in the U.S., in addition to financing and producing six to eight new television series it has in development.

101 Studios has established a distribution division for international sales. The company has also inked a $28.5 million television deal with Viacom for the first and second seasons of Yellowstone, the Kevin Costner series that aired on Viacom’s Paramount cable network.

Glasser is CEO of the new venture and Hutkin COO.