With the company’s brand new film division head Harold van Lier at the helm of the venture, Entertainment One has set up a $100 million film acquisition fund. The fund will be utilized to acquire worldwide rights on “premium commercial films”. Reportedly, Van Lier who was previously the executive VP of international distribution at StudioCanal, is jumpstarting eOne Film International’s film financing sector to leverage financing secured from eOne territories, on top of acquiring worldwide rights.
In a statement released by the company, a representative asserted that the acquisition fund is evidence of the company’s “considerable commitment and enhanced spending-power” and will “offer producers a substantial investment in their films and ideally positions eOne to secure wide-appeal commercial titles for both direct and international distribution.” The company’s strengthened partnership potential will be further reinforced by a production financing deal with City National Bank and OneWest Bank for projects in which eOne Films International “significantly” invests.
Sounds like exciting news for producers!