In an innovative use of UK financing structures worth an estimated $149m in tax write-offs, recently-formed London financing house Future Film Group has acquired all UK rights to a 14-strong slate of $15m-$25m projects to be released through its partnership with distributor Metrodome Distribution.
Future will oversee a 100% tax write-off on the titles, which qualify as British, through its subsidiary Future Film Finance. Future, which acquired the titles through distribution arm Future Distribution, concluded the deal with producer Gary Howsam of Canada's GFT Entertainment
The package includes two current productions from Howsam and US production and sales outfit Hilltop Entertainment - Bob Spiers' Kevin Of The North, an Alaska-set comedy starring Skeet Ulrich, Natasha Henstridge and Leslie Nielsen; and Ignition, a thriller directed by Yves Simoneau and starring Bill Pullman, Lena Olin and Rutger Hauer.
Other titles in deal include Murderer; The Royal Way; Sorcerers; and Battle For America.
Metrodome is to theatrically release the titles under its recently-struck joint venture to distribute films acquired by Future. The partnership, which has access to a $15m pool of equity financing for acquistions, has already yielded The Body, starring Antonio Banderas, and Beautiful Joe, with Billy Connolly and Sharon Stone.
Future is also set to open a post production facility - titled Future Post - in London's Soho to service titles in the slate.
Future's chief executive officer Tim Levy said: "Many of these films would have been made outside of the UK had it not been for the incentives that we are now able to offer to entice film-makers here."
Metrodome head of distribution Rupert Preston added: "We are pleased to have the opportunity of working together with Future Film Group in securing bigger pictures for theatrical release in the UK."