Bavaria Film Teams with Screenvest on $78 Million Funding Venture

8:56 AM PST 07/16/2013 by Scott Roxborough

The German firms will provide gap and bridge financing for independent movies and TV projects.

COLOGNE, Germany – German production giant Bavaria Film has launched a debt fund with Munich-based financing group Screenvest that will see the two provide gap and bridge financing for independent feature films and TV movies. 

The venture, which kicks off with a $78 million (€60 million) capitalization, aims to help indie producers close financing on projects, in particular English-language features “that have an international distribution potential and that have pre-sales in place.”

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It will be the first debt fund of its kind in the German market.

Bavaria and Screenvest will invest in projects that utilize Bavaria Film's studio and post-production facilities both in Munich and in Budapest at Hungary's Origo Film Studios, with whom Bavaria this year signed a new partnership deal.

Bavaria Film's set-up means it will be able to facilitate shoots in such a way that they qualify for national and regional subsidies and tax schemes in Germany, Austria, Hungary, the Czech Republic and, via bilateral production agreements, with Canada.

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