
The new Hammer studios will be run by former Liberty Global execs Simon Oakes and Marc Schipper.
Guy East and Nigel Sinclair of L.A.-based Spitfire Pictures will join the Hammer board, producing between two to three films a year.
Discussions are also underway with a UK broadcaster for a "Hammer Horror" TV series.
Founded in 1934, Hammer Films debuted its first horror film in 1955 with "The Quatermass Experiment".
Cyrte bought Hammer Films from Hammer Entertainment, owned by a consortium of investors.