Munich-based private media fund Film & Entertainment VIP Medienfonds is preparing to place its second fund with a volume of between Euros 10m and a maximum Euros 100m.

Private individuals will be invited between December 15, 2001 and October 31, 2002 to invest a minimum of Euros 25,000 each into the VIP Medienfonds 2 fund which aims to co-produce internationally marketable features with budgets between $ 2m and $ 15m.

So far, among the projects shortlisted by VIP Medienfonds 2 - but not yet contractually finalised - are Nobel's Son to be produced with Skyler Entertainment; and Scapegoat, based on a script by Blake Edwards, which will be produced by Geoffrey Edwards, John Michaels, and Jeff Tinnell.

VIP's first fund was launched in July to raise between Euros 10m and Euros 40m for financing two features - the dramatic comedy Waiting For Godofsky and the family drama The Harvest - and the TV entertainment format True Or False' (Screen Daily, July 2001.)