Under the pact, Universal will market and distribute films financed by Eisner’s company, potentially making him one of the most significant financiers in Hollywood.
In an interview with the Los Angeles Times, Eisner indicated he hoped the first film produced through the partnership would be released in cinemas by the end of 2013.
Eisner worked as the chairman and chief executive officer of the Walt Disney Company for 21 years after joining in 1986. His CV also includes a period at Paramount Pictures in the early 1980s, helping to fund films including Beverly Hills Cop and Raidars of the Lost Ark.
Since leaving at the behest of the company’s shareholders in 2005, he has been investing heavily in new media. As well as founding the Tornante Company, he also invested in digital start-up Vuguru, a content creator for sites including AOL and Yahoo!