Streaming service FlixFling has launched a new fund called Invincible Entertainment Partners with a mandate for acquisitions.
The new fund will allow the company to acquire films for its on-demand streaming service as well as for theatrical release through its parent company, Invincible Pictures. FlixFling CEO Thomas Ashley is in Cannes, and expects to pick up between one and five films.
The seven-figure fund “will greatly expand on our ability to offer great independent cinema exclusively to FlixFling’s customers,” said Ashley. “Because audiences have so many choices in terms of where they can find entertainment content, we now have to be much more selective and find films that have tangible connectivity to an audience. We have had great success with genre titles in the past and will continue to look at those but, with greater financial resources, our approach to acquisitions has shifted and we are able to curate a robust catalog that is second to none.”
FlixFling is available on many mobile devices, laptops, and desktop computers, as well as on Yahoo Connected TVs, Samsung Apps, Google Play, Roku, Vidora, Vizio, Windows 8, and in the iTunes app store. The company is launching support for UltraViolet and an Xbox 360 application soon.