EVA on case for Vif1 fund

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COLOGNE, Germany -- Fund manager Entertainment Value Assn. has signed a deal to manage the Vif1 film fund, the companies said Monday.

Vif has invested some €15 million ($20 million) in television and film production, backing projects like cult sci-fi series "Lexx -- The Dark Zone" and the 2002 WWII drama "Where the Eskimos Live."

EVA plans to track down revenue owed the fund by partners who have licensed and sold rights to Vif productions without paying the proper compensation.

EVA was set up last year by David Groenewold's Odeon Film and fund manager Kai-Roger Grueneke, managing director of Vif1 for the last three years.

In addition to Vif1, EVA controls a majority stake in German fund ApolloMedia, the group that bankrolled more than 80 international feature films including "FeardotCom" and "Whale Rider."
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