French sales and financingoutfit Wild Bunch has unveiled a new $145m joint-venture dedicated to acquiringand co-producing feature films. The joint-venture will also release the films througha new pan-European distribution network that Wild Bunch is setting up.
At the same time, Europeanmedia fund Iris Capital has increased its investment in Wild Bunch while theunnamed joint-venture partner - an American group not previously involved incinema - has also taken a stake in Wild Bunch. However, the company's foundersremain majority shareholders.
Wild Bunch principal Brahim Chioua told
The AFM will be the firstmarket for the outfit which will sign films via the existing Wild Bunch teamled by Vincent Maraval and Wild Bunch's Frenchdistribution subsidiary Pan-Europeenne led byJean-Philippe Tirel.
Product that is acquired bythe new venture - which will consist of big budget films of all nationalities -will be funnelled through Pan Europeenne in Franceand eventually, when the case fits, through four other distribution entitieswhich Wild Bunch is in the process of setting up in the UK, Spain, Italy andGermany.
Chioua said he believes the Spanish outfit will be thefirst to debut with
US based Relativity Mediahelped structure the deal which Chioua called, "areal innovation."