The move will allow London based production company Matador Pictures to focus on developing in house projects.
In a bid to develop more in house projects, UK production and financing outfit Matador Pictures has become part of private investment company Regent Capital.
Regent Capital is to be the majority shareholder in Matador Pictures, giving the company more “financial back up and a bit more stability,” said Matador’s Nigel Thomas. Regent Capital has already funded several of Matador’s recent projects including the forthcoming Age Of Heroes and Killing Bono.
“It means we can become more aggressive in developing our own material, which we’ve struggled to do in recent years. Once again, our big focus will be in development,” added Thomas.
Matador is now in the process of closing deals on several acquisitions of books and potential projects. The company also aims to branch out into international sales in 2011.