BUENOS AIRES — E.U. new talent initiative Eye on Films is joining the lengthening list of companies and institutions powering up a Latin America presence.

A global network of 37 distributors and 44 festivals headed by Wide Management prexy Loic Magneron, Eye on Films channels support from Media Mundus, the E.U. film-TV support program that gives members up to 50% funding for first and second films’ theatrical P&A and festival promotion.

Elba McAllister’s Cineplex, a top Colombian distrib, and Filmin Colombia, McAllister’s new VOD platform, have both joined EoF as distribution partners.

Imovision, one of Brazil’s most active art-house distributors, Chilean distributor-sales agent Gitano Films, and the Rio de Janeiro and Valdivia Festivals are already EoF members.

Eye on Films has also selected “Artificial Paradises,” the fiction directorial debut of “Elite Squad” producer Marco Prado, as a new EoF title.

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A rave party scene love story “Paradises,” which is sold by Wide Management and plays this week’s Ventana Sur, has now sold to Japan’s New Select. Carlos Reygadas producer-distributor Mantarraya Producciones has acquired Mexican rights to “Clip,” another EoF title.

EoF will also give label status to the winner — if a first or second film — of this year’s Ventana Sur pix-in-post Primer Corte strand.

“Eyes on Films has got to become more involved with Latin American cinema,” said Magneron, EoF prexy.

“Every year, new talent emerges and Latin America also needs more support,” he added.

Magneron observed that films from anywhere across the world now compete for funding from France’s new World Cinema Support fund, while its Fonds Sud Cinema predecessor only supported films from Latin America, Africa, the Middle East and emerging Asia.

Wide House, the docu sales arm of Magneron’s own sales company, Wide Management, has also acquired world sales rights outside Brazil to “Tropicalia,” a portrait of the seminal late-’60s Brazilian music-art movement, and another Ventana Sur player.