Artist Film’s 1st pic sold to First Look

Group uses synergy to fund, shoot, distrib pic

First Look Media has acquired worldwide sales rights (excluding Japan and Thailand) to “The Tesseract,” first pic from Artist Film.

The film is directed by Oxide Pang (“The Eye”) and starring Jonathan Rhys Meyers. The film is based on the novel by Alex Garland, whose other novels-to-film include “The Beach” and “28 Days Later.”

Artist House Group is using, for the first time, synergy among all three of its branches. Artist Film co-financed the film (together with Aoi Advertising Promotion and Toshiba Digital Frontiers), shot the film in Thailand and will distrib in Japan.

Another arm, Artist House Publishers, distributed the novel in Japan, and a third branch, Cross Warp, provides internet application for Japan’s entertainment sector.

Meanwhile the Artist House group is developing an entertainment fund. It’s touted as one of the first Asian film funds, and it’s hoping for foreign third-party investors as well.

Acting as consultant is Peter Anshin, prez of Asia Entertainment Finance Associates who represents Comerica Bank in Asia.

“This represents a significant step in the use of Western entertainment finance structures in Asia,” Anshin says.

In the short term, the fund will be used to support the group’s rights acquisition, production and distribution business, while in the long term, it may also provide funds to third parties. The Artist House group will manage the fund. The fund will aim to raise investment from both domestic and international investors and to leverage its equity with debt finance.

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