In October, eOne announced it had hired former Studiocanal exec Harold van Lier as president of eOne Films International, and that it was putting in place a new financing and investment model. With van Lier now on the job, the company says it’s launching a $100M film acquisition fund. The news comes a year after eOne acquired rival Alliance Films, creating a Canadian giant with reach in the U.S., UK, Spain and elsewhere. The plan for the international division will be to secure worldwide rights on a series of “premium commercial films” over the next years. The fund will come as good news to Canadian and UK producers, notably, who saw a key partner removed from the market when Alliance was taken over. EOne says, “The company’s considerable commitment and enhanced spending-power 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.” Here’s the full release:
Los Angeles/Toronto/London – January 7, 2014 – In conjunction with the arrival of new President Harold van Lier, Entertainment One Films International (eOne) today announces that it has established a $100 million film acquisition fund to support van Lier and his division’s recently-unveiled growth strategy.
Van Lier now launches eOne Films International’s new integrated financing structure which will see his group secure worldwide rights on a series of premium commercial films through the coming years. With