European based film group Studiocanal has made a â150 million Euro ($202.5 million) three-year slate financing deal with London based film financing fund Anton Capital Entertainment (âACEâ).
ACE will take a 30% stake in the English-language movies and films with international potential theatrically released by Studiocanal over the next three years. The deal will allow the European studio a three-year movie financing capacity for English-language and international movies, on Studiocanal productions, co-financed pictures and movies acquired for distribution, of at least â500 million Euros ($675 million) through 2014.
Studiocanal will invest in about 100 films through 2014, spread between international independent movies, family fare and animation, elevated genre and local event pictures. The ACE deal has already kicked in and includes Studiocanal-financed hit "Tinker Tailor Soldier Spy," staring Gary Oldman and Colin Firth.
It also takes in the Coen brothers' "Inside Llewyn Davis," set in the 1960s Greenwich Village folk scene, and Michel Gondry's French-language "The Foam of the Days," an adaptation of Boris Vian's novel.
Studiocanal will continue to invest in local movies made out of France, U.K. and Germany, where it runs...