In an expected move, Netcaster iFilm has acquired film tracking service Film Finders from toppers Sydney Levine and Peter Belsito in an undisclosed cash and stock deal.
The two companies initially began talks of an acquisition prior to the Cannes Film Festival (Daily Variety, May 25), but deal, which now puts Film Finders online at iFilmpro.com and gives iFilm a strong database of film production info and another major revenue generator, closed last week.
Film Finders, launched in 1988, annually tracks rights and development information for the production of over 40,000 films worldwide. Buyers, producers, acquisition execs, development execs, financial partners and distributors pay annual subscription fees of about $10,000 for its services.
Under the roof of a dot-com (Film Finders is moving its staff of fewer than 10 employees into iFilm’s Hollywood facilities), company now can post online its databases and research reports — information previously unavailable on the Web.
Online reports will feature integrated data from Hollywood Creative Directory’s contact database, Lone Eagle Publishing’s credit database and TV Tracker’s development tracking database. IFilm earlier acquired these companies and folded them in under its iFilmpro.com film biz info venture.
Film Finders publishes “Market Preminders” for Mifed, AFM and Cannes; “Festival Reports” for over 50 fests a year; the “Friday Report,” delivered weekly via e-mail; and many customized reports on demand.
Film Finders’ Levine and Belsito will continue to operate the company they founded and also work closely with future and existing clients — which include Sony, Universal, Toronto Intl. Film Festival, William Morris, Canal Plus, Kinowelt and Film Four Intl.
Carol Thompson, newly appointed veep of sales and marketing for Film Finders, continues with the company.