EXCLUSIVE: Molinare managing director Julie Parmenter has confirmed that the London co-production house is stepping away from film investment.

“We don’t do equity deals,” Parmenter said. The aim now is to focus instead on the core business post-production, “to cut back to what we are really good at” as Parmenter puts it. “Let’s be proud of what we are very good at rather than trying to diversify into things that aren’t our forte.”

Last year, Molinare was bought out of administration by a consortium headed by former chief-exec Steve Milne. At that point, Parmenter came on board.

Parmenter (formerly global head of sales at Rolls Royce) has been in Cannes in this week meeting clients and prospective clients. Molinare was involved in several Cannes titles, among them Clio Barnard’s The Selfish Giant.

Projects that are headed to Molinare include recently announced UK sci-fi drama Our Robot Overlords.

The facility (already benefiting from the new tax credit for high end TV) has just completed its work on hit US TV series The Bible and is working on Carnival Films’ new version of Dracula.

Molinare has also been working on feature doc Last Man On The Moon, about astronaut Eugene Cernan.

Topics