×
You will be redirected back to your article in seconds

AMBI Group Launches $200 Million Film Fund

AMBI Group has launched a $200 million film fund to finance a slate of high-end, star-driven commercial feature films.

Monika Bacardi and Andrea Iervolino are the anchor investors in the fund, along with New York-based private equity firm Raven Capital Management LLC. AMBI will use the $200 million to fully finance five movies in the mid-budget range of $25 million to $30 million and at least 10 smaller movies of under $10 million each.

AMBI and Raven will also continue to co-finance projects with various studio and independent partners outside of the fund.

AMBI bought the 400-title Exclusive Media Group film library last month, which includes “Begin Again,” “Cruel Intentions,” “Donnie Darko,” “End of Watch,” “Memento,” “The Mexican,” “Parkland” and “Rush.” That deal includes sequel and remake rights.

AMBI’s film slate includes James Franco’s “In Dubious Battle,” featuring Nat Wolff, Selena Gomez, Vincent D’Onofrio, Robert Duvall, Ed Harris and Bryan Cranston; the CGI family animated film “Arctic Justice: Thunder Squad,” featuring the  voices of John Cleese, Alec Baldwin, James Franco, Angelica Huston and Heidi Klum; “Septembers of Shiraz,” starring  Salma Hayek and Adrien Brody; and the contemporary fairy tale “This Beautiful Fantastic,” starring Jessica Brown Findlay and Tom Wilkinson.

It recently completed sales at the American Film Market on the romantic comedy “All Roads Lead to Rome,” starring Sarah Jessica Parker.

“AMBI is a company with steadfast ambitions to grow into one of the leading financiers and producers of movies across the studio and independent landscapes,” Iervolino said. “This fund provides additional capital necessary to source the best projects and material and collaborate with various partners around the world to build a very compelling slate.”

Popular on Variety

More Film

  • Queen & Slim

    AFI Fest Film Review: 'Queen & Slim'

    Going to the movies can feel a lot like agreeing to a blind date: It’s normal to feel a little wary — but also a bit excited — at the potential before agreeing to spend two hours with characters you don’t know. If the film is any good, it wins you over early on, enough [...]

  • Steven Spielberg Branko Lustig

    'He Left Me Speechless': Steven Spielberg Remembers Branko Lustig

    Steven Spielberg has offered a touching remembrance of Branko Lustig, the Holocaust survivor who produced “Schindler’s List” with Spielberg and Gerald Molen and died Thursday in Croatia. “I was heartbroken to hear of Branko’s passing and my thoughts are with his family and friends,” Spielberg said. “When we first met to discuss ‘Schindler’s List,’ he [...]

  • Dylan Brosnan and Paris BrosnanGolden Globe

    Pierce Brosnan’s Sons Paris and Dylan Brosnan Named 2020 Golden Globe Ambassadors

    Pierce Brosnan’s two youngest sons, Paris and Dylan Brosnan, have been named as the 2020 Golden Globe Ambassadors, the Hollywood Foreign Press Association announced on Thursday evening. Paris and Dylan are also the sons of journalist and author Keely Shaye Smith. The ambassador(s), a title that typically goes to the son or daughter of a [...]

  • Joaquin Phoenix'Joker' film premiere, Arrivals, 57th

    Film News Roundup: Joaquin Phoenix Honored by Palm Springs Film Festival

    In today’s film news roundup, Joaquin Phoenix is honored for “Joker”; Legion M backs Joe Manganiello’s “Archenemy”; sales have launched on “Lev Yashin: The Dream Goalkeeper”; Warner Bros. shuffles execs and Universal launches a first-of-its-kind animation writing program. HONOR Joaquin Phoenix has been selected as the recipient of the Palm Springs International Film Festival’s chairman’s [...]

  • Danny Huston

    Danny Huston Discusses the Significance of 'Last Photograph'

    In the decades since Danny Huston made his feature directing debut with “Mr. North,” his 1988 film adaptation of the Thornton Wilder novel “Theophilus North,” he has kept busy in front of the cameras as one of film and television’s most versatile and sophisticated character players. In just the past year, small-screen viewers have been [...]

  • Rocketman

    'Rocketman': Chris Dickens Discusses the Inside Story of Editing 'I'm Still Standing'

    Endings are so important and how the viewer leaves the cinema is crucial. For editor Chris Dickens, finding the perfect ending for “Rocketman” was paramount, but it was also a challenge. Elton John’s hit “I’m Still Standing” was going to end the film with the original idea of going to Cannes to recreate the video [...]

  • A general view of the skyline

    United Media Asia Strikes Deal With Indonesian Giant Kompas Gramedia

    Newly-formed content finance, production and distribution company United Media Asia has struck a first look deal, brokered by Hollywood talent agency CAA, with Indonesian media giant Kompas Gramedia. United has also unveiled its first two feature films. The partnership provides UMA with access to Kompas Gramedia’s media network and its 100,000 pieces of intellectual property, [...]

More From Our Brands

Access exclusive content