$30 mil to be raised for making international films
ROTTERDAM, Netherlands — The launch of Zentropa Internationale at the Rotterdam Intl. Film Festival, which kicked off Wednesday, and runs through Feb. 6, will be the first step in Zentropa Entertainment’s departure from “Danish, traditional, state-subsidized filmmaking,” said CEO Peter Aalbaek Jensen, who owns the company with director Lars von Trier.
Following bids from foreign investors who intended to prepare the Zentropa group for public flotation, Aalbaek Jensen and von Trier have decided to implement a new financial structure, which will eventually include the establishing of a holding company with 40% of the shares offered to the public — but outside the stock exchange.
“The whole operation is aimed at raising approximately $30 million, which will further enable us to turn our activities into making international films, with international partners, for the international markets,” said Aalbaek Jensen, who is currently readying one of them — von Trier’s $15 million musical “Dancer in the Dark.”
Headed by Ole Sondberg, formerly with Egmont-Nordisk Film and Victoria Film, Zentropa Internationale will develop and finance international features, beginning with with Danish director Susanne Bier’s $4 million “Through a Glass Darkly.”