Oz firm launches film fund bid

An Australian production company aims to raise $ A12.2 million ($ 8.5 million) from the public to fund low-budget films geared for local and overseas TV and homevid.

New Century Films Limited issued a prospectus Monday.

The offering is to bankroll the company itself, not individual films.

CEO is vet producer Jim Dale, who has made more than 50 TV productions for the international market. Chairman of the board is international film and TV marketer Robert Winter. Director and company secretary is Robert Fisher, a chartered accountant who formerly served with producers Hal and Jim McElroy.

Dale says that by producing up to four made-for-TV and video films at a time, the company will amortize costs. Each package will be pre-sold to certain territories, with more revenues to come from other territories after completion.

The first batch consists of four thrillers, all written by Ian Coughlan and directed by Coughlan, Donald Crombie and Brian Trenchard-Smith. They’ll be shot on 35mm to offer the potential for theatrical release.

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