TV network Syfy reports that they will join with Universal Pictures to produce science-fiction, fantasy and horror movies.
To be called 'Syfy Films', the new company will deliver up to 2 features a year, with production budgets ranging between $5 million to $25 million,to be distributed theatrically by Universal, starting in 2012. 
Both Universal and Syfy are owned by General Electric Co.'s NBC Universal.
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