Cannes 2012: Media Content Capital Invests in QED International
Media Content will become a shareholder in the company, founded by veteran film executive Bill Block.
CANNES – Media Content Capital is making a mid-eight figure investment in production, financing and sales operation QED International.
The investment will be used to grow QED’s operations across the board and finance more film projects. In return, Media Content will become a shareholder in the company, founded by veteran film executive Bill Block.
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QED intends to produce or acquire four to seven movies a year, as well as grow its third-party sales slate. The new financing is designed to give QED the ability to provide minimum guarantees when acquiring international rights for third party completed feature films.
“I am excited to be in business with Media Content Capital. Its investment in QED gives us the balance sheet to support filmmakers in getting their movies made and allows us to expand our business and platform to better serve our clients and the creative community,” Block said.
Among the films QED is currently financing and producing are the action-thriller Ten, starring Arnold Schwarzenegger and which was recently acquired by Open Road Films in the U.S.; the Neil Blomkamp-directed Elysium for Columbia Pictures, starring Matt Damon and Jodie Foster; and the crime thriller I, Alex Cross for Lionsgate, starring Tyler Perry, Matthew Fox, Rachel Nichols and Ed Burns.
Attorneys Joshua Grode and Zach Smith of Liner Grode Stein represented Media Content Capital in the transaction, Chris Corrabi represented QED.