Written by David Lewis on Dec 29, 2009. Posted in Incentive News

New film fund launched

UK finance and production company Future Films and Canadian based Mediabiz International have launched a joint film fund. They will invest in co-productions from the UK, Europe and Canada.

The fund will be worth up to USD133 million and will cash flow tax credits, pre-sales and gap funding, as well as taking advantage of Canada's numerous co-production treaties.

Stephen Margolis, chief executive of Future Films, said:

“For the first time, this will enable us to fully finance projects without being dependant on other parties.”

Karine Martin, Mediabiz International President also added:

“After 10 years of having raised equity for film and television, Mediabiz can offer an additional financial service to the industry.”

Comments

Not Logged in

You must be logged in to post a comment

    There are no comments

[s]