You will be redirected back to your article in seconds

Malofilm firms pic financing

In a major shift back into the production field, Montreal-based Malofilm Communications has inked a deal with the Entertainment Finance Group of Los Angeles to provide the financing for six feature films over the next two years, with budgets ranging from $ C6 million ($ 4.4 million) to $ 20 million ($ 14.7 million) per picture.

Banking consortium

Entertainment Finance Group, headed by banker Solomon J. LeFlore, will set up a banking consortium to guarantee 80% of the financing, with the funding company raising the money through its distribution arrangements with Orion Pictures and other foreign-sales agents.

Malofilm will kick in the rest of the cash through its Canadian distribution rights and the Quebec tax-credit program. Orion will handle the distribution in the U.S. and Malofilm will distrib the pix in Canada.

Malofilm, which recently went public, generates most of its revenue from its vid distribution activities. It has the French video rights in Canada for all Paramount Pictures product, and also has exclusive video output deals with Turner Home Entertainment, Vidmark, Showtime Networks Inc. and Republic Pictures.

“The idea is to go actively back into production,” says Malofilm topper Rene Malo. “We will continue to develop our distribution side, but we’re going to produce more films with bigger budgets. Our intention is to produce at least four movies a year, within two years. We want to be involved in all areas of production and distribution.”

Malo also announced that his company has signed an agreement with Pieter Kroonenburg’s L.A.-based Kingsborough Pictures to develop and produce several features, and some of those pix might be financed as part of the deal with the Entertainment Finance Group.

Canada lensing

Malofilm is finalizing the feature-film projects to be financed in partnership with EFG, and shooting will begin on the first pic by early August at the latest. Most will be lensed in Canada.

Malofilm, which raised $ C10 million ($ 7.3 million) when it went public late last year, reported revenue of $ C8.7 million ($ 6.4 million) and net profit of $ C693,668 ($ 508,458) in its first quarter ended Dec. 31, 1993.

More Film

  • WGA Writers Contract Talks

    Hollywood Agents Slam Writers Guild Over Proposed Rules Revamp

    In a major shift back into the production field, Montreal-based Malofilm Communications has inked a deal with the Entertainment Finance Group of Los Angeles to provide the financing for six feature films over the next two years, with budgets ranging from $ C6 million ($ 4.4 million) to $ 20 million ($ 14.7 million) per […]

  • Charles Rivkin

    MPAA Chief Talks Piracy, Trade, Global Box Office Growth at CinemaCon

    In a major shift back into the production field, Montreal-based Malofilm Communications has inked a deal with the Entertainment Finance Group of Los Angeles to provide the financing for six feature films over the next two years, with budgets ranging from $ C6 million ($ 4.4 million) to $ 20 million ($ 14.7 million) per […]

  • Joss Whedon'Avengers: Infinity War' film premiere,

    Joss Whedon Explains Why He Left 'Batgirl'

    In a major shift back into the production field, Montreal-based Malofilm Communications has inked a deal with the Entertainment Finance Group of Los Angeles to provide the financing for six feature films over the next two years, with budgets ranging from $ C6 million ($ 4.4 million) to $ 20 million ($ 14.7 million) per […]

  • French Mogul Vincent Bollore Detained by

    French Mogul Vincent Bollore Detained in Corruption Probe

    In a major shift back into the production field, Montreal-based Malofilm Communications has inked a deal with the Entertainment Finance Group of Los Angeles to provide the financing for six feature films over the next two years, with budgets ranging from $ C6 million ($ 4.4 million) to $ 20 million ($ 14.7 million) per […]

  • Natalie Portman arrives at the 21st

    China's Huading Awards to Return to Los Angeles

    In a major shift back into the production field, Montreal-based Malofilm Communications has inked a deal with the Entertainment Finance Group of Los Angeles to provide the financing for six feature films over the next two years, with budgets ranging from $ C6 million ($ 4.4 million) to $ 20 million ($ 14.7 million) per […]

  • John Fithian CinemaCon

    NATO Chief Questions Need to 'Disrupt' Movie Business

    In a major shift back into the production field, Montreal-based Malofilm Communications has inked a deal with the Entertainment Finance Group of Los Angeles to provide the financing for six feature films over the next two years, with budgets ranging from $ C6 million ($ 4.4 million) to $ 20 million ($ 14.7 million) per […]

  • Call Her Ganda

    Tribeca Film Review: 'Call Her Ganda'

    In a major shift back into the production field, Montreal-based Malofilm Communications has inked a deal with the Entertainment Finance Group of Los Angeles to provide the financing for six feature films over the next two years, with budgets ranging from $ C6 million ($ 4.4 million) to $ 20 million ($ 14.7 million) per […]

More From Our Brands

Access exclusive content