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Bullish Filmax inks pic pact with trio

Deals made with Intermedia, Studio Canal, Nu Image

CANNES — Looking set to be one of Spain’s most bullish buyers at Cannes, Filmax has closed deals on pics from Intermedia, Studio Canal and Nu Image.

From Studio Canal, Filmax has taken “The Brotherhood of Wolves” and from Intermedia the Jennifer Lopez-starrer “The Wedding Planner” as part of its ongoing output deal for Spain with Intermedia.

Filmax has also closed on three actioners from Nu Image: two Jean Claude Van Damme vehicles — “Order” and “Replicant” — and the Steven Seagal starrer “Ticker.”

Over the last two years Filmax has plowed heavily into pic production, including a horror pic mini-studio, the Fantastic Factory.

But “our idea as distributors is not to specialize in horror fare but buy theatrical films with strong potential for video and primetime TV, both free and pay,” said Filmax managing director Carlos Fernandez. Filmax is Spain’s biggest indie video rentals distribber.

“We also like to create international alliances. With Nu Image we also have a longstanding relationship,” he added.

Filmax also has output deals for Spain with J&M and Kushner Locke.

Headed by prexy Julio Fernandez, Filmax is the one of the most rapidly expanding companies in Spain.

At Cannes its sales arm, Filmax Intl., is doing strong business, especially on Jaume Balaguero’s English-lingo horror film “Darkness,” his follow up to acclaimed first pic “The Nameless.” “Darkness” is notching up multi-territory pre-sales.

Fernandez estimates Filmax yearly revenues at 6 billion pesetas ($33 million). Filmax’s core owners are the Julio Fernandez family. Financing comes from a combination of its own resources, sales and bank loans, said Fernandez. Filmax has just inked a 10 million euro ($9 million) credit line co-ordinated by Spain’s Ahorro Corporacion and including the Caixa Vigo, a Galician savings bank.

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