BFI Seeks to Encourage U.K. Producers, Distribs to Team Up on Projects

BFI Seeks Encourage U.K. Producers, Distribs

BFI Production Coin to be diverted to minimum guarantees for U.K. distribution

LONDON — The British Film Institute has launched the Film Fund Joint Venture Scheme, which is designed to encourage U.K. film distributors and producers to partner up at an early stage in a project’s financing.

In the JV Scheme, a producer would use part of their U.K. Lottery production award from the BFI Film Fund as a contribution of up to 50% of the U.K. distribution minimum guarantee for a project.

In return, the producer would receive up to a 50% share of the film’s net distribution revenues. This would be held in a “Locked Box” by the BFI, and would be invested by the producer in an upcoming project.

In the pilot phase of the scheme, the BFI will seek to learn which types of projects get the most benefit from the arrangement. The org will test the model with a six-project pilot across a variety of genres, budget levels and partnerships.

Click here for more information.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 1

Leave a Reply

1 Comment

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety

Loading