All Finance articles – Page 84
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News
UK/US financiers launch $150m equity fund
Darby Angel’s finance and production outfit Angel World Entertainment and Glenn Myles’ merchant bank First Wall Street (FWS) are launching a $150m equity fund dedicated to independent productions.
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Millennium, West Coast announce $100m fund
Millennium Films is jointly financing and producing the Gerard Butler thriller White House Taken with West Coast Film Partners as the parties announced a $100m production venture on Saturday.
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Bona Film Group boosts credit facility to $80m
China’s Bona Film Group has increased its revolving credit facility with Bank of Beijing from $15.8m (RMB100m) to $79m (RMB500m), which it will use over the next two years for content production.
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NewsAbu Dhabi launches 30% production rebate
EXCLUSIVE: Abu Dhabi’s twofour54 and the Abu Dhabi Film Commission are launching a production rebate from September 1, marking the first major incentive scheme in the Middle East.
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NewsuMedia wages sci-fi War
EXCLUSIVE: Company also working on thrillers Maelstrom and The Scent of Adam.
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NewsSilver Reel lines up busy financing slate including Grace of Monaco
EXCLUSIVE: The Zurich-based film financier also eyeing Guilermo Del Toro’s Pinocchio and Ashton Kutcher’s Steve Jobs project.
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NewsExclusive Media, Cross Creek unveil major partnership
Exclusive Media and Cross Creek Pictures have formalised their relationship with a three-year deal to jointly finance, produce and develop at least two features a year budgeted up to $65m.
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FeaturesHard times for soft money
Are Europe’s film tax credits under threat from the European Commission? Geoffrey Macnab reports on the truth about controversial new rules under discussion.
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NewsCargo to handle sales on Hemingway & Fuentes
Financier-producer Edward Walson of Sunrider Productions, Andy Garcia and Cargo Entertainment CEO-managing partner Marina Grasic announced on Tuesday (15) that financing is place for the project. The Paradigm Motion Picture Finance Group arranged the financing and will represent domestic rights.
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Media Content Capital takes stake in QED International
Bill Block has sold a portion of the company in an eight-figure deal that will enable him to grow the development, production and financing business and boost the agency side of his sales operation by paying minimum guarantees for more projects.
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NewsIngenious launches senior film fund
UK-based financier Ingenious launches fund to back 20-30 films per-year in the $10-60m range.
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Beresford, Leigh among Screen Australia recipients
Sleeping Beauty director Julia Leigh, veteran Bruce Beresford and Kriv Stenders, who made last year’s local box office hit Red Dog, have all scored development dollars from Screen Australia for new films.
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NewsBFI unveils new five-year plan including Lottery annual production funding boost to £28.2m
Three “strategic priorities” have now been identified: education and audiences (£17 million per year), filmmaking (£28.2 million) and Heritage (£3 million.)
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CEG launches fund, earmarks three projects
Capstone Entertainment Group (CEG) and private equity partners have launched Capstone Pictures to place approximately $18.5m into a trio of films that will shoot in Louisiana and Ontario in 2012-13.
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NewsChannel 4 earmarks extra £1m annually to develop comedy feature films
Slate led by Shane Allen [pictured] will get this funding in addition to usual pot of £15m annually at Film4; On The Road to have UK premiere at Somerset House.
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NewsVisual effects company Cinesite sold to Endless LLP
The London based visual effects house has been acquired by UK based private equity house Endless LLP.
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NewsWill Clarke launches new production/sales/finance company Altitude
The London-based outfit is also led by ex-Pathe exec Mike Runagall and Andy Mayson, formerly of Exclusive; James Watkins to be a key collaborator with company.
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Slated backs The Seagull, Polanski doc follow-up
The online film investment forum has lined up the inaugural pair of projects, a modern retelling of Anton Chekhov’s play and the follow-up to Roman Polanski: Wanted And Desired.
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NewsFilm Finances sets up shop in Germany
The completion guarantees specialist has set up shop in Germany with Cologne-based subsidiary Film Finances Germany (FFG).
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News
Singapore launches grant for new talent
The Singapore Film Commission (SFC) has launched a New Talent Feature Grant, replacing its existing New Feature Film Fund, which was based on co-investment.