LONDON — London-based sales and finance company the Salt Co., formerly known as Lumina Films, has inked a reciprocal first-look agreement with production and finance firm Alcove Entertainment.
Salt will get a first look at Alcove productions for worldwide sales, and in return bring projects to Alcove for production financing.
London-L.A.-Dubai based Alcove is finalizing the terms of its new film fund, which will provide up to half of the financing for at least five films, each with budgets up to $10 million, over three years.
“Our association with Alcove reinforces our commitment to handling a diverse slate of international projects and gives us access to an innovative financing solution for our filmmakers’ projects,” said Salt’s managing director Samantha Horley.
Alcove Entertainment is headed by executive Amina Dasmal and producer Robin Fox. It recently invested in “Cochochi,” produced by Canana, the shingle of Gael Garcia Bernal, Diego Luna and Pablo Cruz.