First project to receive backing will be Ami Canaan Mann’s Your Right Mind, starring Katherine Heigl [pictured] and Ben Barnes.
UK-based film production outfit The Electric Shadow Company has launched a $4.5m fund to invest in films in the $3-15m budget range.
Electric Shadow Fund (ESF) aims to invest in 3-5 films in the next year with investments of $150,000 to $750,000.
The first project to receive backing will be Ami Canaan Mann’s contemporary romance Your Right Mind, starring Katherine Heigl and Ben Barnes, which is currently shooting in Utah.
ESF will focus on productions based outside the UK, offering senior debt finance.
The fund is headed up by ESF head John Jencks with Jay Taylor and Alexa Seligman of The Electric Shadow Company.
The company is at the EFM with a slate of five projects including a comedy adaptation of Stephen Fry’s The Hippopotamus and MEDIA-funded period film Beeswing.