Artificial Eye gets investor commitment for bigger funding vehicle
Curzon Artificial Eye announces second acquisition funding vehicle, expects to acquire 40 films in next three years.
UK distribution and cinema outfit Curzon Artificial Eye has received commitment from investors for its second acquisition funding vehicle (CFR2).
CFR2 will follow on from Curzon Film Rights (CFR). The original CFR was announced in May 2010 and has co-funded UK distribution rights to a slate of 28 film titles, including We Need To Talk About Kevin, Melancholia, Of Gods & Men and The Deep Blue Sea.
According to Curzon, the amount committed in principle to CFR2 is substantially larger than the original CFR.
Whilst the majority of acquisitions are intended to be for UK release, CFR2 will also be looking to acquire international rights on certain films, working with international sale agents on a film-by-film basis. It is anticipated that up to 40 titles will be acquired over the next three years through CFR2.
Philip Knatchbull, Curzon Artificial Eye CEO, commented:“Following on from the initial success of the first funding vehicle, we are delighted to have been backed once again by a dedicated group of investors. This innovative financing structure will provide Curzon Artificial Eye with a very significant boost to its own film acquisition resources, which will in turn provide the necessary resources to acquire rights to distribute the very best independent films.”