One of Germany's leading home entertainment companies VCL Film + Medien has taken over the Munich-based media fund Equity Pictures Medienfonds.

Throughthe acquisition by its recently established subsidiary, Allied Film Management,VCL will be expanding its activities from the core operations of homeentertainment to include the management of film funds.

It will be looking for"substantial synergies" for national and international acquisitions,and the distribution and administration of film rights within the VCL Group.

EquityPictures' portfolio with a total production volume of $390m (Euros 300m) includes suchtitles as Hostage, 16 Blocks and Black Dahlia.

In a separate move, fund asset manager Entertainment Value Associates (EVA) has takenover ApolloMediaFilmmanagement and created a new company EvaApollo Media to handle the assetsof ApolloMedia's 13 fund placements.

They had provided financing between 1999and 2005 for 80 international film projects such as Niki Caro's

Whale Rider,Peter Hyams' The Musketeer, Michael Bassett's Deathwatch, Bruce Beresford'sBride Of The Windand Alan Rudolph's Investigating Sex with an overallinvestment volume of almost $658m (Euros 500m.)