Firm invests in foreign sales company
The Capco Group, the firm headed by David Bergstein and Ron Tutor that owns ThinkFilm, Image Entertainment and the U.K.’s Capitol Films, has taken a large stake in foreign sales company IM Global.Stuart Ford, chief exec at IM Global, would not divulge specific figures but said Capco would be taking a majority stake in financial terms, though the investment does not afford it voting control. Ford now becomes the company’s second-biggest shareholder. He and Bergstein stressed that IM Global would remain separate from Capco’s other film holdings. “We’ve been looking for another strategic provider of movies alongside Intermedia,” Ford said. “This investment will also allow us to communicate to our clients that we are going to be there for the long term — a critical quality for any elite sales company.” IM Global will continue its three-year exclusive output deal with Intermedia for film and TV titles.