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iW NEWS | Weinstein Company Launches $285 Million Fund for Asian Film

By Indiewire | Indiewire August 7, 2007 at 4:22AM

The Weinstein Company has launced a $285 million fund to finance the development, production, acquisition, marketing and distribution of what it describes as "a large slate of Asian films" over the next six years, Bob and Harvey Weinstein announced Monday. Worldwide distribution for all films under the deal will be controlled by The Weinstein Company and will include DVD distribution in the United States under TWC's agreement with Genius Products. The fund will include a diverse mix of theatrical and direct-to-video titles, which will mostly be filmed in Asia and will explore, according to a TWC release, "the region's unique culture and showcase the talents of leading Asian filmmakers." TWC anticipates producing or acquiring a total of 21 theatrical titles and 10 direct-to-video titles during the term for the fund. The fund, structured and placed by Goldman, Sachs & Co., will provide up to $285 million in capital over the next six years. A team of investors will manage the fund, with TWC serving as the Managing Member with authority over all film-related activities including development, creative, marketing, and distribution. "Bob and I are thrilled to share the immense talent and beautiful stories of Asian cinema with audiences around the world," commented Harvey Weinstein in a statement. "We have been planning to launch an Asian Film Fund and increase our Asian film business since the early planning stages of The Weinstein Company and are really excited to be able to start working on all the exciting projects we have planned. The film world has become increasingly global and through this fund, we will be able to work on daring projects with the region's most creative filmmakers and movie stars and partner with some of Asia's most dynamic talent--both behind and in front of the camera." [Brian Brooks]
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The Weinstein Company has launced a $285 million fund to finance the development, production, acquisition, marketing and distribution of what it describes as "a large slate of Asian films" over the next six years, Bob and Harvey Weinstein announced Monday. Worldwide distribution for all films under the deal will be controlled by The Weinstein Company and will include DVD distribution in the United States under TWC's agreement with Genius Products. The fund will include a diverse mix of theatrical and direct-to-video titles, which will mostly be filmed in Asia and will explore, according to a TWC release, "the region's unique culture and showcase the talents of leading Asian filmmakers." TWC anticipates producing or acquiring a total of 21 theatrical titles and 10 direct-to-video titles during the term for the fund. The fund, structured and placed by Goldman, Sachs & Co., will provide up to $285 million in capital over the next six years. A team of investors will manage the fund, with TWC serving as the Managing Member with authority over all film-related activities including development, creative, marketing, and distribution. "Bob and I are thrilled to share the immense talent and beautiful stories of Asian cinema with audiences around the world," commented Harvey Weinstein in a statement. "We have been planning to launch an Asian Film Fund and increase our Asian film business since the early planning stages of The Weinstein Company and are really excited to be able to start working on all the exciting projects we have planned. The film world has become increasingly global and through this fund, we will be able to work on daring projects with the region's most creative filmmakers and movie stars and partner with some of Asia's most dynamic talent--both behind and in front of the camera." [Brian Brooks]

This article is related to: World Cinema







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