German distrib VCL buys film fund

Equity was subject of recent probe into film financing

BERLIN — Distrib VCL Film + Medien has taken over Equity Pictures, the private investment film fund that financed the likes of Bruce Willis starrers “Hostage” and “16 Blocks” as well as Brian De Palma’s “Black Dahlia.”

Move follows a recent probe of Equity by German prosecutors examining the legality of film fund financing.

VCL subsidiary, Allied Film Management, will take an 85% stake in Equity, with the remaining 15% being incorporated into VCL via a capital increase of $1 million in new shares.

A regular partner of Avi Lerner’s Nu Image/Millennium Films, Equity also backed “The Wicker Man” and the upcoming “88 Minutes,” “Rambo IV: In the Serpent’s Eye” and “Lonely Hearts.”

VCL said the price tag for Equity was in the “upper single digit millions of Euros,” adding that the deal would be financed through a loan from a hedge fund.

It’s the second time VCL has taken over the assets of a film fund. In 2004, company bailed out Cinerenta by swapping a stake in its biz for a chunk of the fund’s catalog, which included films such as “Prozac Nation” and “Jeepers Creepers.”

More Film

  • Korea’s Ex-Culture Minister Jailed for Operating

    Korea’s Ex-Culture Minister Jailed for Operating Talent Blacklist

    BERLIN — Distrib VCL Film + Medien has taken over Equity Pictures, the private investment film fund that financed the likes of Bruce Willis starrers “Hostage” and “16 Blocks” as well as Brian De Palma’s “Black Dahlia.” Move follows a recent probe of Equity by German prosecutors examining the legality of film fund financing. VCL […]

  • Geostorm

    Japan Box Office: ‘Geostorm’ Blows Away Competition In Weekend Win

    BERLIN — Distrib VCL Film + Medien has taken over Equity Pictures, the private investment film fund that financed the likes of Bruce Willis starrers “Hostage” and “16 Blocks” as well as Brian De Palma’s “Black Dahlia.” Move follows a recent probe of Equity by German prosecutors examining the legality of film fund financing. VCL […]

  • Amanda Fuller's Thriller 'Fashionista' Bought by

    Film News Roundup: Amanda Fuller's Thriller 'Fashionista' Bought by Freestyle

    BERLIN — Distrib VCL Film + Medien has taken over Equity Pictures, the private investment film fund that financed the likes of Bruce Willis starrers “Hostage” and “16 Blocks” as well as Brian De Palma’s “Black Dahlia.” Move follows a recent probe of Equity by German prosecutors examining the legality of film fund financing. VCL […]

  • Sundance 2018: Where Are the Masterpieces?

    Sundance 2018: Where Are the Masterpieces? Sorry, There Are None (Opinion)

    BERLIN — Distrib VCL Film + Medien has taken over Equity Pictures, the private investment film fund that financed the likes of Bruce Willis starrers “Hostage” and “16 Blocks” as well as Brian De Palma’s “Black Dahlia.” Move follows a recent probe of Equity by German prosecutors examining the legality of film fund financing. VCL […]

  • EDITORIAL USE ONLY / NO MERCHANDISINGMandatory

    Bradford Dillman, Star of 'Compulsion,' Dies at 87

    BERLIN — Distrib VCL Film + Medien has taken over Equity Pictures, the private investment film fund that financed the likes of Bruce Willis starrers “Hostage” and “16 Blocks” as well as Brian De Palma’s “Black Dahlia.” Move follows a recent probe of Equity by German prosecutors examining the legality of film fund financing. VCL […]

  • Duke Nukem

    John Cena in Talks to Star in 'Duke Nukem' Movie

    BERLIN — Distrib VCL Film + Medien has taken over Equity Pictures, the private investment film fund that financed the likes of Bruce Willis starrers “Hostage” and “16 Blocks” as well as Brian De Palma’s “Black Dahlia.” Move follows a recent probe of Equity by German prosecutors examining the legality of film fund financing. VCL […]

  • 'And Breathe Normally' Review: Sundance Film

    Sundance Film Review: 'And Breathe Normally'

    BERLIN — Distrib VCL Film + Medien has taken over Equity Pictures, the private investment film fund that financed the likes of Bruce Willis starrers “Hostage” and “16 Blocks” as well as Brian De Palma’s “Black Dahlia.” Move follows a recent probe of Equity by German prosecutors examining the legality of film fund financing. VCL […]

More From Our Brands

Access exclusive content