Charles Segars' Sparkler Entertainment shingle has inked a two-year first-look film production pact at Walt Disney Studios.
Segars was an exec producer on the Mouse House's "National Treasure," which has grossed $350 million worldwide; the sequel begins filming next week. Segars came up with the first pic's original story together with Oren Aviv, now prexy of Disney's motion picture group.
Segars has several big-budget projects set up around town, all based on his own pitches and stories. At Warner Bros., he's co-producing "Fort Knox" with Basil Iwanyck (Ron Brinkerhoff is penning the script) and action comedy "Committed for Life" with Bob Cooper (Shane Morris wrote the script). At DreamWorks, he's co-producing the sci-fi thriller "No Man's Land" with Walter Parkes and Laurie MacDonald; Jeff Nachmanoff is penning the script.
Sparkler Entertainment also has TV production and media investing divisions.
On the latter front, Segars recently raised $55 million with a group of investors including the Weinstein Co. to buy the cable arts network Ovation. Earlier this month, Ovation struck a deal with Liberty Media's DirecTV that will provide the net with more of a national footprint.
Prior to founding Sparkler three years ago, Segars served as a documentary film producer; director of latenight and head of primetime specials at CBS' "Late Night With David Letterman"; co-head of television for DreamWorks TV; and senior VP of programming for the Scripps-owned net Fine Living.