7:00 AM PST 11/7/2019
Courtesy of XYZ Movies
‘Colour Out of House’
The capital enhance permits XYZ — which has produced films together with the Nicolas Cage cult hit ‘Mandy’ — to totally finance or co-finance what the corporate describes because the “filmmaker-driven unbiased style fare on which it has constructed its model.”
Style specialists XYZ Movies has raised about $100 million to fund a slate of 15 to 20 titles cofinanced by Finnish enterprise capital firm IPR.VC.
The capital enhance permits XYZ — which has produced films together with the Nicolas Cage cult hit Mandy and backed Gareth Evans’ martial arts breakouts The Raid and The Raid 2 — to totally finance or co-finance what the corporate describes because the “filmmaker- pushed unbiased style fare on which it has constructed its model.”
The transfer is the most recent in a sequence of expansions on the 11-year-old manufacturing and gross sales banner based by Nate Bolotin, Nick Spicer and Aram Tertzakian. This yr, it branched out into expertise administration, created a documentary division and employed gross sales veteran and former World Street government Tatyana Joffe as its president of worldwide gross sales and distribution.
“Our mannequin has at all times been making responsibly budgeted movies from filmmakers we wish to help,” XYZ mentioned in an announcement. “With funding from IPR, we are able to now be a one-stop store for manufacturing, distribution and financing.”
IPR.VC is a Helsinki-based enterprise capital fund investing within the media and leisure sectors with a deal with mental property.
“XYZ’s daring imaginative and prescient and talentfocused method make them the proper companion to launch IPR.VC’s second M&E fund,” mentioned managing companion Timo Argillander. “We sit up for our continued collaboration with XYZ’s excellent workforce to create one other profitable enterprise for our traders.”
The deal was negotiated by XYZ’s Maxime Cottray and IPR.VC’s Elisa Alvares. XYZ’s most up-to-date movies embody Synchronic, starring Anthony Mackie and Jamie Dornan; the Cage cosmic thriller Colour out of House; and the sci-fi flick Stowaway, starring Anna Kendrick and Toni Collette.