Ben Affleck and Matt Damon are set to launch Artists Equity.

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According to report, It is a independent production company.

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The company is a production venture supported by RedBird Capital.

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That vows to expand profit participation and provide a “talent-friendly”.

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Nearly $100 million in funding is promised by Media investor Gerry Cardinale.

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The Batman star will act as CEO, while the Jason Bourne actor is a chief content officer.

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Michael Joe has been roped in as a chief operating officer.

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Affleck said “Our goal with Artists Equity is to build a creator-focused studio"

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"We are thrilled to partner with Gerry Cardinale and the RedBird team"

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Matt and I are looking forward to working together.

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