CANNES — Munich Film Partners New Century has launched a $125.5 million fund to back two Paramount features, “Marci X” and “Abandon.”
MFP New Century is the latest cooperation between Par and MFP’s parent company, the Munich-based sales and leaseback company ALCAS.
Private investors are being asked to put in a minimum of $43,750 in the fund, which will be launched next week.
Under new German tax laws, after May 27, German funds will no longer be able to get involved in projects that have already been initiated.
It’s the latest addition to a slew of recent private film fund initiatives.
Richard Benjamin’s “Marci X” stars Lisa Kudrow as a Jewish-American princess who sets about doing all she can to re-structure her father’s empire and reign in his hard-core hip-hop label. Damon Wayans also stars in the pic, which was penned by Paul Rudnick (“In & Out”) and is being produced by Scott Rudin Prods.
“Abandon,” directed by Stephen Gaghan, stars Benjamin Bratt and Katie Holmes as a college student who falls for an alcoholic detective on the case of a friend’s disappearance. Film began shooting April 16.
ALCAS has already backed a number of high-profile films including “Mission: Impossible 2” and “Shaft.”