Ex Aramid executive Simon Fawcett and music publisher Tim Hollier plan to invest between $30K and $350K in up to 60 features a year.
Atlantic Screen Composers (ASC), the investment fund set up by ex Aramid executive Simon Fawcett and music publisher Tim Hollier as part of Atlantic Screen Music, will inject between $30,000 and $350,000 in between 40 and 60 movies this year in return for the music publishing rights.
ASC will be launching the investment fund for film music in Cannes.
Set up in January 2011 as part of Atlantic Screen Music (ASM) to produce and finance music scores, it has funded 5 films and two animation series to date.
ASM already represents several film companies as music supervisor and music publishing administrator including Ealing Studios, The Recorded Picture Company, Intandem, and Gurinda Chadha’s Production company.
ASM has also struck a deal with Metropolis Studios in London offering preferential rates to clients and the opportunity to release soundtracks through their jointly owned record company Metropolis Movie Music.
“We have the funds to invest in great projects and in Cannes we are ready to strike deals,” said Hollier.
Fawcett, former CIO of Aramid Capital, added: “The skillset of the company is based on a global network of publishing affiliations, direct collection, accounting and our ability to act as a clearance agency and as music supervisors without dictating who the composers should be. It is a perfect fit with film producers attending Cannes.”