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Spacey's Sea wins Babelsberg backing

Kevin Spacey's Bobby Darin biopic Beyond The Sea has become the first film production to benefit from the State of Brandenburg's guarantee scheme.With the state-backed guarantee as a security, Studio Babelsberg Motion Pictures (SBMP) will put up Euros 4.8m towards the film's $ 20m-plus production costs through a loan from HypoVereinsbank. "The recoupment position for SBMP and Brandenburg is as good as that for the other equity partners", noted Thierry Potok, SBMP managing ...

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