Co. seeking acquisition of complementary businesses
LONDON — Civilian Content, the British film production and sales group that owns the Film Consortium and the Works, swung last year to its best result to date, a $1.45 million profit, from 2003’s $2 million loss.
“The process of restructuring the business is now substantially complete,” Civilian chair Crispin Barker said in a statement. “Civilian is now actively seeking the acquisition of complementary businesses.”
Leading the Works’ 2004 sales slate was Pawel Pawlikowski’s “My Summer of Love,” which took a BAFTA award for British pic and was sold to Focus for the U.S.
The 2005 slate is topped by Michael Winterbottom’s “Tristram Shandy,” which was pre-sold to Newmarket and is likely to follow Bob Berney to his new outfit at Time Warner.
The Film Consortium, which formerly received lottery coin through its franchise with the U.K. Film Council, is now benefiting from last year’s launch of tax fund SureFire, which has raised $47 million for its production slate.
The Film Consortium has six films in post-production that are being sold by the Works.
The company’s slate includes “River Queen,” starring Samantha Morton and Kiefer Sutherland; “Tara Road,” starring Andie MacDowell and Olivia Williams; “Guy X,” starring Jason Biggs and Natascha McElhone; “The Proposition,” starring Guy Pearce, Emily Watson and Ray Winstone; and “Best Man,” starring Stuart Townsend, Seth Green and Amy Smart.
Domenico Procacci’s Italian film company Fandango acquired a 29% stake in Civilian Content 14 months ago, buying out producer Richard Thompson and triggering a repayment of $1.4 million in loan notes.