[ad_1]
Provided by IFC Film
Los Angeles-based independent studio XYZ Films has renewed its financing agreement with fund management company IPR.VC.
The deal was signed in 2019 and the investment vehicle was launched to include Matt Johnson’s 2023 Berlin and SXSW selection “BlackBerry,” as well as Jeff Zimbalist’s documentary “Skywalkers:” which will premiere at Sundance. This led to the production of 20 films in four years, including “Love Story”. , the Stephen Haas and Flip van der Kuyl comedy “Crazy House,” starring Nick Frost and Alicia Silverstone.
Founded in 2015 and with offices in Helsinki and London, IPR.VC recently announced the completion of its third and largest film and television production financing fund to date, and has previously worked at Ingenious Media. hired entertainment investor Andrea Scalso as a partner. Investment director.
The company has so far raised €150 million ($164.3 million) from institutional investors, pension funds, family offices and investors in the not-for-profit sector, more than half of which is already in the long-term slate-led Assigned to partnerships and film and television projects.europe and america
“Given the uncertainty in the independent market, it’s reassuring to have a trusted long-term financing partner like IPR.VC,” said Nick Spicer, CEO of XYZ. This allows us to continue supporting the films and filmmakers we believe in. ”
Timo Argilander, co-founder and managing partner of IPR.VC, added: “We are pleased to continue our strategic partnership with the XYZ team. They are a trusted partner who support creative talent in telling unique stories, as demonstrated by the strength and diversity of their upcoming plans. It has earned it a well-deserved reputation.”
Supported by IPR.VC, XYZ Films’ current titles also include Atom Egoyan’s Toronto selection “Seven Veils” starring Amanda Seyfried; “Ash” Starring Eiza González and Aaron Paul, directed by Flying Lotus. Daniela Forever, directed by Nacho Vigalondo and starring Henry Golding and Beatriz Grano.
[ad_2]
Source link
