ThinkFilm sold to Capco Group for $25 million


David Bergstein and Ron Tudor's film financing and production company Capco Group has purchased indie distributor ThinkFilm for about $25 million (HR 10/25).

Capco plans to add several $15 million-$20 million films to ThinkFilm's annual slate and create a wider distribution network with its London-based film financing and sales outfit Capitol Films.

All Capitol films less than $20 million will be distributed domestically via ThinkFilm, while most of Capitol's larger titles will continue to be sold to U.S. studios. ThinkFilm, which has traditionally acquired films for distribution, also will begin producing more projects.

Capco plans to increase its companies' theatrical films to 25 a year and its direct-to-video features to 50 a year.