Small MPU – Page 1955
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Hana Bank launches Korea's first film fund
South Korea's Cinema Service is poised to tap into a new source of film financing with the launch of a public film investment fund by Hana Bank. The $7.8m Hana Cinema Trust Fund No. 1, which kicks off on Dec 3, marks the first ever involvement of the banking ...
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Film Council awards second round of slate funds
Ecosse Films, Recorded Picture Company and Ruby Films are amongst the UK production outfits to secure slate funding in the second round of company awards from the UK Film Council's National Lottery coffers.Also securing cash were Catherine Aitken and Ros Borland's Gabriel Films, documentary production company October Films and Riverchild ...
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Investor confidence returns to Japan's Shochiku
Shochiku, one of Japan's leading distributor/exhibitors, saw its share price rocket to $5.8 (Y715) on the Tokyo Stock Exchange on Wednesday Nov 28. In just 25 days, the company's stock has soared by $1.2 (Y141), partly in anticipation of the Dec 1 release of Harry Potter, but also thanks to ...
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Admira, Venevision launch TV production venture
Spain's Admira (formerly Telefonica Media) and Miami-based Venevision International have launched a 50/50 joint venture to produce telenovelas and other TV content for the Latin American and US Spanish-speaking markets.The joint venture follows similar moves by Admira into the Mexican and Brazilian TV markets. In August, Admira holding Endemol Entertainment ...
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Mumbai festival extended by popular demand
The fourth edition of the International Film Festival of Mumbai, organised by the Mumbai Academy of the Moving Image (MAMI) has been extended for a day by popular demand from the delegates. "About 3,000 delegates, including a large number of film critics and experts from abroad are participating in the ...
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Harry Potter takes Brazil's all-time opening crown
Harry Potter And The Philosopher's Stone has claimed the all-time opening record in Brazil with 796,587 admissions on its first weekend (Nov 23-25). It pushes Planet Of The Apes off its best opening perch of 2001 as well as beating the all time record set by Rambo 3. The ...
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India's film industry 'poised' for massive growth
Studio revenues in India are predicted to double over the next five years as the territory begins a period of rapid growth, both in terms of cinema infrastructure and production investment.According to a new report, Bollywood: India's Film Industry, from UK-based industry analysis firm Dodona Research, production investment will rise ...
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Portugal becomes 15th int'l Disney Channel
Walt Disney Television International (WDTV-I) yesterday (Nov 27) launched the 15th international version of its Disney Channel, when it started broadcasting in Portugal."We launched the first ever international Disney Channel six years ago and all of the Channels have been incredibly successful in connecting the Disney brand to kids and ...
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Danish films hit record market share at home
As Harry Potter And The Philosopher's Stone sweeps across Scandinavia, few other films have had much chance of attracting any attention - with the notable exception of local titles. Danish films, in particular, continue to prove their appeal. Indeed, During the first 9 months of 2001, Danish films have sold ...
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007 given licence to shoot during UK actors strike
The next James Bond movie has been cleared to shoot as planned in January after its producer Eon Productions agreed to givemembers of UK actors union Equity a three per cent royalty payment from video and DVD sales worldwide.The deal, which kicks in after thefilm's producers have recouped 30% of ...
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Guglielmi leaves Istituto Luce for joint venture
Angelo Guglielmi, a veteran of the Italian distribution scene, is to step down from Istituto Luce, where he has been president for the last five years.In the short term he will be replaced by Antonio More, a fellow board member at the state-backed production and distribution operation. But recently appointed ...
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Polish blockbusters dominate local box office
The appetite of Polish audiences for home-grown blockbusters remains undiminished with Witchman (Wiedzmin), directed by Marek Brodski and produced by Warsaw-based Vision Film Production and Heritage Films, holding the number one position for the second week in a row with a gross of $1.37m (zlo5.7m).The $18m Polish blockbuster Quo Vadis, ...
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Sundance 2002: the full line-up in detail
Sundance 2002: the full competition, premieres and World cinema line-ups.DRAMATIC COMPETITIONBARK Dir: KasiaAdamikA comedyabout misfits in which a veterinarian becomes involved with a client, whosewife has begun acting like a dog. Lisa Kudrow plays the vet while Lee Tergensenis the frazzled husband, whose marriage is going to the dogs. Hank ...
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Colombia considers new film tax proposals
The Colombian government is considering a proposal that would see the current revenues raised from a tax on cinema tickets redirected into a film fund which would feed loan advances, minimum guarantees and co-production money to finance local productions in Colombia.Seventy percent of the new fund would be allotted to ...
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Toei records bumper first half, predicts growth
Toei, one of Japan's leading distributors and exhibitors, has recorded a net operating profit of $10.5m (Y1.3 billion) in the first half of fiscal 2001, ending in September.The increase is largely attributed to the success of Hotaru, a romantic drama starring Japanese screen legend Ken Takakura which grossed $18m (Y2.3 ...
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UK production trend develops into horror
Don't look now, something spooky is occurring in the UK's development vaults. Elisabeth Murdoch's Shine Entertainment this month unveiled a slate of low-budget horror suspense titles with The Hole director Nick Hamm, while rising new directors such as Ratcatcher's Lynne Ramsay and Sexy Beast's Jonathan Glazer are bringing their own ...
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Cuckoo wins 2001 Oscar Moore script prize
This year's Annual Oscar Moore Screenwriting Prize of £10,000 has been won by Marcus Lloyd for his dark, urban thriller Cuckoo.Launched in 1997, The Oscar Moore Foundation is supported by the British film industry and administered by film trade bible Screen International. Set up in memory of Screen's late ...
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Norway's distributors re-negotiate rental rates
Norwegian film distributors are attempting to increase local rental rates for their future releases. The current level of film rental charges is regulated by a Film Rental Agreement between local distributors and exhibitors. The current agreement, however, expires on January 1, and is now undergoing active re-negotiation. Early talks ...
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Wait-and-see approach to video-on-demand
The introduction of video-on-demand will not be an overnight revolution, but will take place gradually over the next five years. Globally, just 26 million households will be capable of accessing VoD services by 2005, with the vast majority - 83%, located in the USA. According to Screen Digest's Video On ...
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Loeb & Loeb lawyer Greg Schenz joins Intermedia
Greg Schenz, formerly of LA entertainment law firm Loeb & Loeb LLP, has joined Intermedia's Los Angeles office as vice president, business/legal affairs. Schenz reports to vice chairman Jon Gumpert and focuses on film finance and talent transactions.As an associate at Loeb & Loeb, Schenz's practice focused on development, ...