CANNES — Linking two advantageous regions for film financing, top Brazilian production house Conspiracao Films has inked with Germany’s 2 Pilots to co-produce romantic family film “Me and My Umbrella.”
Cologne-based 2 Pilots will take 20% equity in “Umbrella.”
Based on a book by Brazilian pop star Branco Mello, the E3.3 million ($4.45 million) “Umbrella,” to be directed by Toni Vanzolini, is about a 11-year-old boy who tries to rescue a girl with the aid of a magic umbrella.
The story line has allowed 2 Pilots to draft a German actor. “Umbrella” will also shoot for a week in Germany, and may post there, triggering coin based on local spend from the Cologne-based Filmstiftung NRW, one of the biggest regional Teutonic film funds.
In Brazil, Fox has taken equity in “Umbrella” plus Latin American distribution rights.
Some 80% of Brazilian coin will come from tax breaks, taking advantage of a generous tax regime introduced late December.
Beyond financing, pic may have a considerable potential market.
“Family films are popular in Germany and among TV commissioning editors,” said 2 Pilots’ Arne Ludwig.
In Brazil, “there have not been many Brazilian family films, so we’re a bit of a novelty,” said Conspiracao’s Leonardo Monteiro de Barros.