LONDON — BBC Films has pacted with new British indie Harvest Pictures to co-produce feature films.
Harvest, set up by former Disney exec Alistair MacLean Clark, is seeking to raise $10 million from private investors by the end of October. That money will be allocated and reinvested in 12 to 15 Beeb pics over the next five years with a maximum investment of 50%.
Clark described the agreement as the “first private investment deal the BBC has done.” He added that Harvest was “minimizing the risks” for investors; they would receive first claim over any income the projects generate.
Clark, who was director of programming for Disney in Europe before a recent stint as a freelance film consultant in L.A., said Harvest was currently interested in two BBC projects, the $12 million kids pic “The Snow Queen” — in which Harvest may invest $3.75 million — and the drug-addiction drama “Pandemonium,” starring Robert Carlyle.
Although Harvest will initially focus on boarding films already on the BBC’s slate, the company will also source projects to bring to the BBC.