Exclusive: A $77m film, TV and media investment fund will be launched in early 2016.
A new UK-China film, TV and media investment fund is set to launch in early 2016 with the aim of funding new UK-China co-productions.
The fund has been set up by the UK’s Varcale Capital Management and Pairstech Capital Management, with China’s Beijing Zhongze Culture Industry Co. and Propeller Culture and Media Co.
The initial pot will be $77m (£50m), with 50% backing from both sides.
The plan is to grow the assets under management to $2.3bn (£1.5bn) by 2020 through further collaborations with UK and China co-productions partners.
The British and Chinese governments have both endorsed the fund.
Parveen Thornhill, Ukti Regional Director for London, said: “In 2015 investment from overseas productions into the UK film industry was worth more than £1 billion.
“The UK and China film co-production treaty signed in 2014 has improved links between the two countries, strengthened film industries...
A new UK-China film, TV and media investment fund is set to launch in early 2016 with the aim of funding new UK-China co-productions.
The fund has been set up by the UK’s Varcale Capital Management and Pairstech Capital Management, with China’s Beijing Zhongze Culture Industry Co. and Propeller Culture and Media Co.
The initial pot will be $77m (£50m), with 50% backing from both sides.
The plan is to grow the assets under management to $2.3bn (£1.5bn) by 2020 through further collaborations with UK and China co-productions partners.
The British and Chinese governments have both endorsed the fund.
Parveen Thornhill, Ukti Regional Director for London, said: “In 2015 investment from overseas productions into the UK film industry was worth more than £1 billion.
“The UK and China film co-production treaty signed in 2014 has improved links between the two countries, strengthened film industries...
- 11/3/2015
- ScreenDaily
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