All Finance articles – Page 92
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News
Legendary East sells 50% stake to raise $220.5m
Publicly traded Paul Y Engineering Group has invested in the Hong Kong-based Legendary East, led by Legendary Entertainment founder Thomas Tull (pictured) and CEO Kelvin Wu.
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Relativity scores Chinese coup with Huaxia, SkyLand deals
The LA-based company has gained a gilt-edged foothold in China’s notoriously inaccessible release calendar after investing in the first China-US distributor and striking a strategic alliance with state-run distributor Huaxia Film.
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Brandenburg launches €5m gap financing programme
The State of Brandenburg and the regional investment bank ILB have launched a € 5m gap financing programme for films produced in the Berlin-Brandenburg region.
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Busan's Asian Cinema Fund backs films including Venice-bound Cut
The 16th Busan International Film Festival (BIFF) has announced 31 selections for this year’s Asian Cinema Fund (ACF).
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Fest hits should be rewarded, Swiss minister says
Meanwhile, Locarno kicks off with rain, Abel Ferrara honours and Cowboys & Aliens.
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Spain’s Balearic Islands propose new film funding incentive
The Balearic Islands in Spain, which includes Mallorca, Menorca and Ibiza, have put forward a proposal to the Spanish Government for a new regional incentive to attract more film and TV productions.
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Russian producer puts $12m into new Billy Bob Thornton drama
Alexander Rodnyansky, a well-known Russian film producer, plans to invest up to $12m in the production of Billy Bob Thornton’s drama Jayne Mansfield’s Car, which will be Rodnyansky’s first project in the US.
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Hemisphere launches studio co-fi fund, names first projects
Hemisphere Capital Management partners Jean-Luc De Fanti (pictured), Jeff Sagansky and Eli Baker have launched the Hemisphere Tentpole Co-Financing Fund and are on board The Smurfs, The Adventures Of Tintin: The Secret of The Unicorn, Men In Black 3 and World War Z.
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Features
Asian indies still financed the old fashioned way
Despite the proliferation of new media platforms in Asia, the region’s genre filmmakers are sticking to tried-and-tested formulas to finance their films.
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Screen Australia backs films inspired by Bon Scott, Michael Hutchence
Agency also gives development financing to new films by Adam Elliot and Bruce Beresford.
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Irish Film Board backs new projects from Neil Jordan, Lance Daly, Juanita Wilson
Neil Jordan and Ronan Bennett project Fury receives IFB’s largest development grant in May funding round.
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Tina Gharavi's I Am Nasrine gets boost from Northern fund
Northern Film + Media and Northstar Ventures’ content fund has made its latest film investment, with £50,000 going to love story I Am Nasrine.
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BFI Lottery Transition Fund awards £888,000 to 37 UK projects
FilmClub, BIFAs and Watershed Bristol among biggest beneficiaries of first round of BFI funding
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China’s Enlight Media to float on Shenzhen Stock Exchange
Beijing-based company becomes third Chinese studio to float on China’s home stock market
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Jan Vrijman Fund backs 19 projects from developing countries
Projects from Cambodia among those selected for the first time
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Croatian Parliament approves 20% cash rebate for local and foreign film production
Incentive covers features, documentaries, animation and TV drama
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Mark Fisher appointed finance director for The Works Group
Fisher previously spent 10 years at the Icon Group
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Chinese government launches $3bn fund for cultural industries
China’s Ministry of Finance has launched the first government- sponsored private equity fund – the China Culture Industrial Investment Fund, to invest in China’s cultural industries, including film and TV, Internet content and publishing.
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News
Peel Group takes 71.1% shares in Pinewood Shepperton
It is not enough for the investment company to take private ownership of the studio group.
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Features
Against all odds
When the financing on Stephen Frears’ new drama Lay The Favorite, starring Bruce Willis, fell apart twice, producers Paul Trijbits and Anthony Bregman faced a race against time to re-assemble and refinance the project and keep the director and all the cast on board.