New Production Fund PulsexAI Unveiled
Pulse Films and Access Industries' AI Film are joining forces to produce up to three low-budget films per year.
Pulse Films is joining forces with Access Industries’ AI Film to launch a new production fund, PulsexAI, with the goal of financing and producing two to three films annually with budgets up to $6 million. The new initiative was announced today by Pulse CEO Thomas Benski, producer Lars Knudsen and AI Film’s Ben Giladi.
Financing for the fund will be underwritten by the privately held Access Industries, founded in 1986 by Len Blavatnik in 1986, whose holdings include Warner Music Group, Deezer, Preform and RGE Group.
Headquartered in London, Pulse, founded by Benski and Marisa Clifford in 2005, finances and distributes both scripted and nonfiction film and TV across multiple platforms. Its credits include Sundance award-winner The Witch, Beyonce’s Lemonade and the documentary Trophy, which just bowed on CNN Films.
It will be represented at this year’s Sundance by Crystal Moselle’s Skate Kitchen, which is premiering in the Next section of the fest.
Since its founding in 2013, AI Film has been involved in such features as Lee Daniel’s The Butler, The Silence and Hacksaw Ridge as well as the current release I, Tonya.
It provided financing for Bart Layton’s heist thriller American Animals, which will make its premiere at Sundance as part of the U.S. Dramatic Competition.
“My partner Lucas Ochoa and I could not be happier to be partnering with Ben and AI and Lars to launch this fund as we truly share taste, values and approach to filmmaking,” Benski said in making the announcement.