×

Intandem Raises Coin for Expansion (EXCLUSIVE)

Company adds nine pics to slate

LONDON — London-based Intandem Films has raised £1.8 million ($2.8 million) in funds as part of its global expansion plans and has completed deals on nine pics, including comedy thriller “Killing Hasselhoff.”

The company, which saw its founder Gary Smith ankle in February and former Disney U.K. topper Robert Mitchell take over the role as CEO, has entered into a $1.6 million Equity Financing Facility with Darwin Strategic, a majority-owned subsidiary of Henderson Global Investors’ Volantis Capital.

In addition, the company has raised $1.25 million through private investors.

The company said it plans to use the funds to pay down debt and secure new projects going forward.

Of the nine new projects on its slate, four are fully financed, including “Killing Hasselhoff,” a comedy thriller starring David Hasselhoff, which was introduced to buyers in Cannes and will commence sales pre-AFM, sci-fi love stories “Starbright” and “Second Origin,” and psychological thriller “Isolated.” Intandem holds sales rights for all pics.

Other titles in the slate are still in the financing phase.

In a statement, Mitchell said: “I am delighted that Intandem has received further investor support and that we have the opportunity to continue with the company’s refreshed strategy. I believe our potential to acquire quality product will now be significantly improved.”

Mitchell, who has been working feverishly to turn around the loss-making international sales and financing company, told Variety that “we want to prove to filmmakers with whom we have relationships that we are committed to them and we are focused on getting their films made.”

He said that he aims to strengthen the sales business and increase focus on having a slate with more British product.

In terms for the structure of the company its focus going forward, Mitchell added: “I believe in running a tight ship. People will be incentivized to share options in the future. We have a talented group of young people at the company, and I think the company will move forward very quickly. I have high ambitions to move Intandem in the right direction — we are in this for the long term.”

Popular on Variety

More Film

  • Rules Don't Apply

    Warren Beatty and Arnon Milchan Settle Suit Over 'Rules Don't Apply' Flop

    Arnon Milchan and Warren Beatty have settled their two-year legal battle over the disastrous release of “Rules Don’t Apply,” Beatty’s period drama about Howard Hughes. Milchan’s attorneys have filed a notice with the court dismissing his suit against Beatty. Terms of the settlement were not disclosed. Milchan’s company, New Regency, sued Beatty and other investors [...]

  • Brazil's President Jair Bolsonaro attends a

    Bolsonaro LGBTQI Outburst, Subsidy Freeze, Stirs Outrage

    Ramping up the drive into censorship in Brazil, its Minister of Citizenship, Omar Terra, has suspended a call for applications for governmental TV funding – until new criteria are established for its application. The country’s secretary for culture, Henrique Pires, who reports to Terra, has resigned in protest of the incentive freeze. The suspension, for [...]

  • Adam Brody'Ready or Not' film premiere,

    Adam Brody to Executive Produce, Star in 'The Kid Detective'

    “Ready or Not’s” Adam Brody has signed on to star in “The Kid Detective.” Sophie Nelisse will co-star in the dramedy from writer-director Evan Morgan. Brody will star as a once-celebrated kid detective, now 31, who continues to solve the same trivial mysteries between hangovers and bouts of self-pity until a 16-year-old client (Nelisse) brings [...]

  • Alita: Battle Angel VFX

    How Previsualization Helps Create Pitches for Projects Like 'Alita: Battle Angel'

    Filmmakers are increasingly using previsualization, a now-standard technique for planning highly technical shots and sequences, as a tool for pitching a project to production companies, investors and studio executives — before a single full scene has actually been shot. More creatives are relying on the technique, dubbed “pitchvis,” to fashion a compelling and engaging presentation [...]

  • Theo Von arrives at the Global

    Chris Pratt's 'Ghost Draft' Adds Comedian Theo Von

    Comedian Theo Von has boarded the sci-fi thriller “Ghost Draft” starring Chris Pratt. “Lego Batman” filmmaker Chris McKay is directing Skydance and Paramount’s upcoming film, which stars “Handmaid’s Tale” star Yvonne Strahovski alongside Pratt. J.K. Simmons and “GLOW’s” Betty Gilpin are also in talks to join the pic. Written by Zach Dean and Bill Dubuque, [...]

More From Our Brands

Access exclusive content