
CANNES, France, May 17 (UPI) -- A $100 million film fund has been created thanks to Screen Media International and the William Morris Agency, The Hollywood Reporter said.
The Morris agency will play an integral role in the Incentive Filmed Entertainment fund, the trade newspaper said. Access to the fund will be available even to those who are not WMA clients.
Financing for the fund will be provided by JPMorgan Chase & Co., the Aramid Entertainment Fund and a number of other private investors.
The fund, whose creation was announced at the Cannes Film Festival, is part of a trend in the cinema industry of using film funds to finance a variety of projects.
The funding enterprise lost popularity in 2007 due to debt problems in the cinema industry and several other unspecified problems, the Reporter said.
The first film to be developed under the new fund will be "The Position," which will start shooting this summer under director Griffin Dunne.
|
|
|
|
|
|
| Additional Entertainment News Stories | |
NEW YORK, May 26 (UPI) --
Actor Will Smith is nervous about his daughter, 11-year-old musician Willow, dating, he said at the New York City premiere of "Men in Black III."
|
MIAMI, May 26 (UPI) --
A Miami police officer shot and killed a man who had eaten part of another man's face, leaving the victim fighting to survive the attack, authorities said.
|
CHICAGO, May 26 (UPI) --
U.S. online deal-making firm Groupon said subscribers had until July 6 to file for refunds prompted by a class-action lawsuit.
|
CHESTER, England, May 26 (UPI) --
One-third of British pet owners said they would rather go away with their pet on vacation than their immediate family, a survey indicated.
|
| Stories | Photos | People | Comments |
View Caption