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Stargate, Magic Hour launch£30m 'protected' UK fund

A new £30m "capital protected" film financing fundhas been launched in London. MagicGate is a joint venture between fund managerStargate Capital Management and UK production company Magic Hour Media whosecredits include MIke Barker's A Good Woman.MagicGate aims to invest in four films in the £5m to £10m range over the next18 months. It will cover around 30% of the budgets of the projects it backs,but is likely to board films only in advanced states of development."It ...

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