Written by: FFT Webmaster | October 28th, 2011
Studio Canal, the French based production company linked to pay television network Canal Plus, has signed a $200 million slate financing deal with London-based fund Anton Capital Entertainment (ACE), marking the first time a European studio has used such a money model. ACE will finance 30 percent of Studio Canal’s releases and the collaboration is expected to include up to 100 films in the next three years, with a focus on the French company’s English-language titles and those with international reach, such as the recent hit TINKER TAILOR SOLDIER SPY. ACE raised the money from banks including Bank of America, Union Bank and Falcon Investment plus other undisclosed European financial institutions. The deal marks the first time a European studio has been able to access such a huge sum from this kind of slate funding.