Chile’s Storyboard Media has announced an agreement to co-produce, along with Calibre71, Javier Valdés and Benjamin Vicuña, director David Albala’s second feature, “Viento Blanco.” (“White Wind”)

Albala’s debut, “Jailbreak Pact,” turned on a dramatic real-life prison-break which took place in Santiago, Chile in 1990. That film was also produced by Calibre 71, and featured Chilean film-star Benjamin Vicuña, who will star in and executive produce “Viento Blanco.”

Perhaps the most eye-catching aspect of the project – for Chile and Latin America – is a proposed budget of nearly $6 million, which will be funded with a mix of private financing, public funds and the aforementioned co-productions. The figure stands out among Chilean features, and marks a reflection among the country’s top players on what kinds of films, and what scale of ambition can be suitable for theatrical openings around the world.

“Viento Blanco” is scheduled to be released both nationally...