The VFX industry has seen recent mass migrations to tax-friendly locales overseas. Until now Belgium hasn’t been one of those major runaway destinations. But European film company uMedia has unveiled a new financing deal through its VFX division uFX offering up to 40% of a project’s VFX budget for work done in-house. CEO Adrian Politowski announced the sizable offer today in Cannes. Brussels-based uMedia has additional international offices in LA, London, and Paris but its new scheme is made possible by a Belgian tax shelter. Eligible productions must spend a minimum of €50,000 through Belgium and must be a feature film, a TV movie, a TV series or documentary with a majority of European cast, crew and financing in place. The company’s recent credits include work on the Weinstein Company’s Grace Of Monaco and DreamWorks’ WikiLeaks pic The Fifth Estate.
International film production, finance and distribution group uMedia has appointed Karl Richards and Peter Bevan to expand the company’s London office and set up shop in Los Angeles, respectively. Lauraine Heftler has also been named head of the new …
Global Showbiz Briefs: UMedia, ‘We Are Monsters’ Casting, Remstar, ‘Danni Lowinski’, Film Critics Circle Awards
uMedia To Remake Johnnie To’s ‘Don’t Go Breaking My Heart’
Brussels-based uMedia has secured the remake rights to Johnnie To’s Don’t Go Breaking My Heart for an English-language redo. The 2011 romantic comedy is a Hong Kong-set love triangle. UMedia, whose finance and production division, uFilm, has been involved with such pictures as The Artist and A Monster In Paris, is also currently working on Nicole Kidman-starrer Grace Of Monaco and animation feature Mariah Mundi And The Midas Box. They’re at this week’s Hong Kong Filmart eyeing deals on English-language remakes of commercial South East Asian titles to convert into films budgeted at $15M-$60M. The company also says it will soon be opening offices in Paris and LA. It launched a new sales arm last year under exec Peter Rogers who’s repped Italian hit The Best Offer at the EFM. Under development at uMedia are the adaptation of sci-fi graphic novel Universal War One, thrillers Maelstrom and The Scent Of Adam and actioner Fallen Cross.