http://www.thehdroom.com/news/Syfy-Films-to-Produce-2-Movies-Per-Year/8089

Syfy Films to Produce 2 Movies Per Year

December 15, 2010

Syfy and parent company Universal have announced the formation of a new company, Syfy Films, that will produce, distribute and market 2 new films theatrically each year.

The Syfy-branded films will be in the same genres as shows appearing on the television station: fantasy, mystery, paranormal, action, sci-fi, adventure and superheroes. Each film will include a "moderate" budget that will likely be higher than made-for-tv films like Sharktopus but lower than your typical big screen action film.

The first film will be distributed in 2012 by Universal with cross-promotional marketing on the Syfy Channel. Look for it to be titled, cast and formally announced sometime in the coming year.

Source: Syfy