Cannes: FlixFling Unveils New Fund
CANNES – FlixFling, the North American streaming service, has announced that it has assembled a new fund, Invincible Entertainment Partners, from private equity partners. It will use the fund to ramp up its acquisition activities.
The fund will be used for both its on-demand streaming service and U.S. theatrical releases through its parent company Invincible Pictures.
FlixFling said it expects to acquire one to five films in Cannes and will release the same number of films per month going forward.
“The fund will greatly expand on our ability to offer great independent cinema exclusively to FlixFling's customers,” FlixFling CEO Thomas Ashley said.
He added: “Because audiences have so many choices in terms of where they can find entertainment content, we now have to be much more selective and find films that have tangible connectivity to an audience. We have had great success with genre titles in the past and will continue to look at those, but, with greater financial resources, our approach to acquisitions has shifted and we are able to curate a robust catalog that is second to none.”