EXCLUSIVE: A trio of leading indie film distributors are pooling resources to launch a $1.6M (£1.2M) film development fund. UK outfit Curzon, which is currently handling Parasite in the territory, …
, with its UK release clocking a record-breaking $1.8m opening. Madman also released the film in Australia, where it took $1.9m last summer.at the end of last year.
“We strongly believe there is a gap in the market for a fund which can seamlessly connect projects right through from development to distribution,” said Curzon CEO Philip Knatchbull. “Co-ordinating release strategies globally will become an increasing priority for the success of independent film and this fund is a key step towards us achieving that. “
“We are convinced there is room to develop and nurture beautiful films.This fund will allow us to provide development, financing and international distribution, and therefore undoubtedly become a home to great filmmakers,” added Marc Smit, Cinéart co-CEO. “We share the same ethos as our partners at Curzon and Cinéart, working to support quality independent cinema from development to exhibition. This exciting new venture will allow us to cultivate existing talent and nurture new extraordinary filmmakers,” said Paul Wiegard, Madman Entertainment founder and MD.
“This fund feels unique in its ability to guide a project from inception right through to distribution. I’m looking forward to working closely with our partners and meeting with producers and filmmakers in the coming months as we build our initial slate of projects,” said Kristian Brodie.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ex-convict extorted college students for nearly $1 million, prosecutors sayFederal prosecutors say an ex-convict bilked students at Sarah Lawrence College in New York out of nearly $1 million, forcing some into prostitution.
Read more »
Coronavirus theater closures cost China movie business over $1 billion - Business InsiderTicket revenue in China over the last 20 days is under $4 million. It was more than $1.5 billion in the same timespan last year.
Read more »
US on track for first $1 trillion budget deficit since 2012The U.S. budget deficit through the first four months of this budget year is up 19% from the same period a year ago, putting the country on track to record its first $1 trillion deficit since 2012.
Read more »
These are the 5 hedge fund managers who took home more than $1 billion last year | Markets InsiderThe top 15 hedge fund managers collectively earned $12 billion in 2019, with the top five taking in more than $1 billion each, according to Bloo...
Read more »
US budget deficit jumps in January, putting it on track to hit $1 trillion for first time since 2012The US budget deficit swelled at the beginning of 2020 even as the economy continued to grow at a steady pace.
Read more »
These are the 5 hedge fund managers who took home more than $1 billion last year | Markets InsiderThe top 15 hedge fund managers collectively earned $12 billion in 2019, with the top five taking in more than $1 billion each, according to Bloo...
Read more »