Studio Beyond teams with MPF

Backers announce co-financing plan in Cannes

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CANNES -- New online media and entertainment platform Studio Beyond has joined forces with Hollywood-based Movie Portfolio Fund, a fund partnered on by L.A. production banner Pacific Media & Entertainment, to co-finance projects. The backers announced the launch here Cannes on Sunday.

PME has a first-look deal with 20th Century Fox.

Studio Beyond is an interactive, user-generated internet platform designed specifically to meet the needs of film producers, sales agents, distributors, talent and casting agents, directors, writers, actors, editors and composers, among others.

The MPF will be made available to private investors for the co-financing and production funding of selected Studio Beyond projects.