LONDON — Chris Auty has been named chief exec of the Film Consortium, one of the U.K.’s three lottery production franchises.
Auty, managing director of Jeremy Thomas’ Recorded Picture Co., will take up his new job in June.
His task will be to lead the Film Consortium in the second phase of its strategic development, following the successful launch of the company under departing chief exec Kate Wilson.
He will seek to bring in more projects from outside producers, explore ways to raise more capital and build up the company’s U.K. and international distribution activities. He will also become an equity partner.
The Film Consortium is a partnership of Virgin Entertainment and four British production companies: Scala, Parallax, Skreba and Parallax.
The company has access to $50 million in lottery coin to co-finance around 39 British movies over six years. It has already completed five films since it opened for business in fall 1997: “Hideous Kinky,” “The Lost Son,” “Fanny and Elvis,” “Janice Beard 45wpm” and “Hold Back the Night.”
It has a 25% stake in the Sales Co., which handles foreign sales on films made under TFC’s gap financing deal with French bank Cofiloisirs. It also has output deals in the U.K. with UIP for theatrical release, VCI for video and Channel 4 for TV.
Auty’s role at Recorded, where he has worked for eight years, will now be divided between finance director Stephan Mallman and commercial director Peter Watson.
Before joining Recorded, Auty founded and ran Oasis, an indie distrib and arthouse exhibitor, in partnership with Thomas and Chris Blackwell.