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Posted: Tue., Nov. 3, 2009, 5:20pm PT

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Entertainment industry veteran Christopher Petzel has formed the Aura Film Partnership with an initial fund of $50 million, aimed at projects in the range of $5 million to $20 million.

First production will be post-apocalyptic action-adventure "Tundra," where climate change and oil dependency have caused the breakdown of civilization. Kim Todd and Lindsay Moffat are producing with Nicholas Powell directing from a script by Michael Thoma ("The Wrong Man").

The film will begin production in February or March in Manitoba.

Petzel is the CEO of Broadside Capital, which owns Fierce Entertainment, Showbizdata.com and sales agency Clandestine Service, which will handle Aura's pics. He was previously a member of the entertainment investment banking practice at Houlihan Lokey Howard & Zukin.