NEWS OF THE WEEK: Ben Affleck and Matt Damon launching production company

The Hollywood actors, who won the Oscar for Best Original Screenplay for their work on 1997's Good Will Hunting have teamed up with Gerry Cardinale of RedBird Capital Partners on the venture. Called Artists Equity, Affleck and Damon hope to use the company to foster "entrepreneurial partnerships" with filmmakers in order to empower their "creative vision" "Artists Equity was conceived from Matt's and my longtime passion for the art of storytelling and our shared desire to help creators deliver on their vision, as we have been fortunate to do throughout our careers."