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CANNES — Hollywood Partners, a Munich-based production company, has announced its third division of funding, Hollywood Partners 111 (HP111), which is yet more proof that Germany’s new wave of private funds are pressing ahead despite threatening tax laws passed in March.

Toplining the slate of pictures funded by HP111 is Fox Searchlight’s “Quills,” starring Geoffrey Rush and Kate Winslet. The pic focuses on the Marquis de Sade and will be directed by Philip Kaufman. It will lense in the U.K. in late summer.

Below-low budgets

Another project scheduled for HP111 is an action movie being developed by Haft Entertainment, as well as several “ultra-low-budgeted films.”

The deal was brokered by HP executive producer Sandra Schulberg, who has a long association with Fox Searchlight president Lindsay Law.

” ‘Quills’ is that one-of-a-kind project which we will be looking for in the future,” Schulberg said.

According to the agreement, HP will own sole rights in the German-speaking territories and Fox will release the picture in HP territories.

Private film funds are not giving up despite laws that many fear will curb the fund boom, which last year generated an estimated DM$1.7 billion ($926 million) — proof is the launch of private film fund KC Medien’s fourth round of coin outlay.