Fund set up to finance five int'l animated features
BERLIN — Animation producer Greenlight Media is gearing up to launch a $100 million animation fund with investment bank Dresdner Kleinwort Wasserstein for its second Berlin Animation Film Fund venture in two years.
The BAF II was set up for international animation theatricals. Fund will finance five toon features, including two $30 million productions with well-known but unnamed U.S. animation studios. It will also fund three $10 million European productions.
Company added that its U.S. partners may set up shop in Berlin to work on the projects.
The first BAF fund was launched in 1999 by London-based Dresdner Kleinwort Benson and raised $70 million for theatrical and TV projects.
Greenlight Media has also announced that Claus Clausen, founder of Greenlight and head of SimsalaGrimm Filmproduktions, will be joining the executive management at Victory Film Prods.
Clausen will be responsible for licensing, marketing and interactive activities at the TV and film producer.