LONDON — London-based Intandem Films has raised £1.8 million ($2.8 million) in funds as part of its global expansion plans and has completed deals on nine pics, including comedy thriller “Killing Hasselhoff.”
The company, which saw its founder Gary Smith ankle in February and former Disney U.K. topper Robert Mitchell take over the role as CEO, has entered into a $1.6 million Equity Financing Facility with Darwin Strategic, a majority-owned subsidiary of Henderson Global Investors’ Volantis Capital.
In addition, the company has raised $1.25 million through private investors.
The company said it plans to use the funds to pay down debt and secure new projects going forward.
Of the nine new projects on its slate, four are fully financed, including “Killing Hasselhoff,” a comedy thriller starring David Hasselhoff, which was introduced to buyers in Cannes and will commence sales pre-AFM, sci-fi love stories “Starbright” and “Second Origin,” and psychological thriller “Isolated.” Intandem holds sales rights for all pics.
Other titles in the slate are still in the financing phase.
In a statement, Mitchell said: “I am delighted that Intandem has received further investor support and that we have the opportunity to continue with the company’s refreshed strategy. I believe our potential to acquire quality product will now be significantly improved.”
Mitchell, who has been working feverishly to turn around the loss-making international sales and financing company, told Variety that “we want to prove to filmmakers with whom we have relationships that we are committed to them and we are focused on getting their films made.”
He said that he aims to strengthen the sales business and increase focus on having a slate with more British product.
In terms for the structure of the company its focus going forward, Mitchell added: “I believe in running a tight ship. People will be incentivized to share options in the future. We have a talented group of young people at the company, and I think the company will move forward very quickly. I have high ambitions to move Intandem in the right direction — we are in this for the long term.”