Long-time friends and creative collaborators Matt Damon and Ben Affleck are reportedly starting a new film production company together. According to the actor/writer duo, their company will address the problem faced by the creators, which is the complications related to profit sharing borne out of the burgeoning streaming services. The production company will be built on a model that puts the artists first before the business and gives the power back to the creators.

The move to start the production company comes after Affleck and Damon recently obtained $100 million in funding from the investment firm Red Bird Capital Partners, the funding will be supplemented by Affleck and Damon’s own capital.

Ben Affleck and Matt Damon started their film careers together by writing the script for their breakout film Good Will Hunting in 1997. Directed by Gus Van Sant, the film starred Robin Williams with Matt Damon playing the protagonist and Ben Affleck playing the supporting role. The film went on to win Robin Williams a Best Actor award and Best Original Screenplay at the Academy Awards.

The actors then went on to have prolific careers, starring in critically acclaimed box office hits. Damon is best known for starring in the Bourne film series, The Martian, The Departed, and Saving Private Ryan. Ben Affleck went on to star in films like Argo, Gone Girl, and Batman V Superman. Ben Affleck and Matt Damon recently came together to act in Ridley Scott’s film The Last Duel in 2021.