You will be redirected back to your article in seconds

Dynamo plans Latin American production fund

Private equity will support new film, TV, animation

BERLIN — Colombia’s Dynamo Capital is looking to create a $150 million-$200 million private equity fund to invest in Latin American film, TV and animation companies.

The move points to escalating investment opportunities in Latin America, where economies are ramping up and production companies have promising potential.

It comes as DC announces key new projects: Andi Baiz’s “Roa” and Carlos Moreno’s “Que viva la musica!”

Dynamo Capital, launched in January 2008, has quickly become the leading private-sector film financing force in Colombia.

Managing a film fund of nearly $10 million that expires Jan. 2, it’s invested in two Spanish-language thrillers being shopped at Berlin: Baiz’s “Bunker,” a hot-selling thriller produced with Sanford Panitch’s Fox Intl. Prods. and Spain’s Cactus Flower and Avalon, and sold by FIP and Elle Driver; and serial killer thriller “Blind Alley,” produced by Dynamo, Spain’s Roxbury Pictures and Antena 3 Films, from scribe-turned-director Antonio Trashorras (“The Devil’s Backbone”).

Meetings are already taking place, research is being performed and materials are being distributed to create the new fund, which targets institutional investors in emerging markets, said Cristian Conti, Dynamo senior fund manager. Although the fund-raising climate is challenging, $150 million is not a very large sum in the private equity world, he added.

DC is working with Boston Consulting Group and headhunters Korn/Ferry to develop the new, larger fund’s operating structure.

DC will continue backing Ibero-American co-productions, Conti said.

“Investing in content first, then flipping that investment into equity shares is a sensible strategy because it provides in-depth due diligence for the investor,” Conti added.

DC would aim to own key film, TV and animation companies across Latin America, creating what Conti called a “ministudio.”

Its gameplan reflects market realities including exploiting opportunities for synergies, the financial world’s new enthusiasm for emerging markets, Latin American companies’ lack of business experience and an appetite for content.

“In an emerging market environment, where more channel licenses are being given, content’s always required,” Conti said.

As for its new new projects, “Que viva la musica!” is an adaptation of Andres Caicedo’s 1976 novel.

The pic, “a Colombian kind of ‘Trainspotting,’ and an upside-down coming of age story,” according to Conti, charts an upper-class Cali girl’s joyous descent into drugs, sex, nightlife, excess and salsa.

Dynamo is courting potential partners for the pic in Venezuela, Argentina and Spain. Ana de Armas (“Sex, Party and Lies”) is in talks to star, with a shoot scheduled to begin in the fourth quarter.

“Roa,” said Conti, is “a Colombian ‘JFK,’ ” pinpointing a seminal moment in Colombia’s history: the assassination of presidential candidate Jorge Eliecer Gaitan, a charismatic liberal, in 1948.

The pic, written by Baiz and Patricia Castaneda, centers on the alleged killer, Juan Roa, a 26-year-old loser with delusions of grandeur.

Popular on Variety

More Scene

  • US record producer The-Dream arrives for

    Top Music Publishers Come Together for Songs of Hope Honors

    The 15th annual Songs of Hope honors united songwriters, music industry insiders and more than a few preeminent doctors at producer Alex Da Kid’s Sherman Oaks compound on Thursday night. Jimmy Jam returned to host the event, which served as a fundraiser for the ever-vital City of Hope medical treatment center as well as a [...]

  • Renee Zellweger Rufus Wainwright Sam Smith

    Renée Zellweger: Judy Garland Was 'My Childhood Hero'

    Awards buzz is building around Renée Zellweger for her performance as Judy Garland, emerging as a frontrunner in the Oscar race for best actress. But for her, the real prize was paying tribute to Garland, of whom she’s been a lifelong fan. “Nobody was prettier, nobody sang prettier…the adventures she had, [she was] my childhood [...]

  • Keke Palmer BlogHer19 Summit

    Keke Palmer Brought to Tears Accepting Truth Teller Award at #BlogHer19 Creators Summit

    Keke Palmer stood surprised and wide-mouthed on the #BlogHer19 Creators Summit stage as she was presented with the Truth Teller Award for her recent acting work — and her viral “sorry to this man” clip. “This means so much,” the multi-hyphenated star softly whispered as she got teary-eyed upon accepting the award. Last week, the [...]


    Emmys 2019: Inside All the Hottest Pre-Parties

    It’s (Emmys) party time! Before the 71st annual Emmys go live on Sunday, stars and execs are keeping busy by party-hopping in the days leading up to the big show. Here, Variety gives you the inside details on who was where and what they were doing. Keep checking back right here throughout the weekend for [...]

  • Jennifer Lopez Green Dress

    Jennifer Lopez Closes Out Versace Show in Famous Green Grammys Dress

    Jennifer Lopez has found her way back into the Versace dress that broke the internet in 2000. The “Hustlers” star closed out Versace’s Spring 2020 show in a re-worked version of the revealing, bright green silk chiffon dress that she wore to the Grammy Awards 20 years ago. The dress quickly became a pop-culture phenomenon, [...]

  • 10 Storytellers to Watch

    Variety Celebrates Inaugural 10 Storytellers to Watch Event

    Storytellers from across the spectrum of entertainment — film, literature, podcasting and play writing — were honored Thursday at Variety’s inaugural 10 Storytellers to Watch luncheon at Gramercy Park Hotel, hosted with partner the Independent Filmmaker Project and presented by Audible. Honorees Nana Kwame Adjei-Brenyah, author of “Friday Black”; “Limetown” podcasters Zack Akers and Skip Bronkie; [...]

  • Demi Moore Corporate Animals

    Demi Moore Teases Upcoming Memoir 'Inside Out,' Talks 'Corporate Animals' Team Bonding

    As Demi Moore gears up for the Sept. 24 release of her autobiography “Inside Out,” the actress says she feels like a weight has been lifted. “Even the stuff that I may have been nervous about is completely lifting…because it’s a process,” Moore told Variety at the premiere of her upcoming film “Corporate Animals” at [...]

More From Our Brands

Access exclusive content