Bavaria Film Teams with Screenvest on $78 Million Funding Venture
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.”
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.