A new German source of indie film funding is opening up for mainstream, studio-distribbed pics through a deal between Bertelsmann-affiliated CLT-UFA Intl. and Allied Pacific, the distrib arm of Pacifica Entertainment.
Pacifica, a new company headed by producers Moritz Borman (“Under the Volcano”) and Chris Sievernich (“The Dead”), is behind a closed equity investment fund (IMF) in Germany. The fund’s aim is to raise $100 million based on a prospectus that went out a month ago.
“This is really funding for an independent film company in Los Angeles,” Borman said.
CLT-UFA Intl. will do international sales and, on a pic-by-pic basis, more or less match Pacifica’s equity investment.
“Its a new way for us to get our hands on studio features where we are more in control,” said Martin Schuermann, U.S. rep for CLT-UFA, a big buyer of Hollywood studio product.
Schuermann said the deal makes no requirements concerning the amount of investment from the domestic distributor, but only requires a major studio distrib to be in place. The partners said they are in negotiations with several majors about specific projects, but declined to give details.