×
You will be redirected back to your article in seconds

Bona Film Group and CAA Establish Film Fund

Bona Film Group and CAA have launched a long-term film fund, with an initial $150 million investment. The fund will be co-managed by Bona and CAA, with a focus on financing English-language films for the global marketplace, Chinese co-productions, and Chinese-language films for the local market.

All films financed through the fund will be distributed in China by Bona Film Group; CAA will represent the North American and select international distribution rights to all films.

The announcement follows the news of Bona Film financing Roland Emmerich’s next film “Midway,” which is based on the famous World War II battle between U.S. and Japanese forces.

“With Bona, we have a strategic partner that brings an unmatched level of expertise of the Chinese film distribution landscape and a shared commitment to helping grow the Chinese film market,” said Roeg Sutherland, head of CAA’s Global Film Finance & Sales Group. “In addition to furthering CAA’s film packaging work within China, the fund creates and expands opportunities for the agency’s filmmaker and talent clients on a global basis.”

CAA, which opened its China office in 2005, recently announced a partnership with CMC Capital Partners to form CAA China, a world-class media and entertainment platform that builds upon the agency’s successful multiplatform approach to the market.

Popular on Variety

More Film

  • El Principe

    First Look: Trailer for Venice Critics' Week Prison Drama 'El Principe' (EXCLUSIVE)

    “How did you end up in here?” an older inmate asks Jaime, a young man who unexpectedly finds himself in prison. The answer: He killed his best friend. “El Principe” is Chilean director Sebastián Muñoz’s debut feature and has its world premiere in the Critics’ Week section at the Venice Film Festival. Set in Chile [...]

  • Leonardo Dicaprio Once Upon a Time

    Leonardo DiCaprio's Earth Alliance Commits $5 Million to Amazon Fires

    Earth Alliance, an environmental initiative backed by Leonardo DiCaprio, has committed $5 million toward the preservation of the Amazon rain forest following an alarming surge in wildfires. After launching Sunday, the organization’s emergency Amazon Forest Fund is working to support local partners and indigenous communities in their efforts to protect the sensitive habitats within the [...]

  • (from left) Luke Hobbs (Dwayne Johnson)

    Box Office: 'Hobbs & Shaw' Scores $102 Million Debut in China, Nears $600 Million Globally

    Universal’s “Hobbs & Shaw” returned to first place on the international box office charts, thanks to a massive $102 million debut in China. The “Fast & Furious” spinoff, starring Dwayne Johnson and Jason Statham, collected another $120 million overseas, boosting its foreign tally to $441 million. “Hobbs & Shaw” is nearing the $600 million mark [...]

  • Angel Has Fallen

    Box Office: 'Angel Has Fallen' Rises to No. 1 With $21 Million Debut

    “Angel Has Fallen,” the third chapter in Lionsgate and Millenium’s action franchise starring Gerard Butler, had a stronger opening weekend than expected, collecting $21.25 million during its first three days of release. Those ticket sales were enough to top domestic box office charts, bumping last weekend’s champ, Universal’s comedy “Good Boys,” to second place. Starring [...]

  • Amanda

    ‘Amanda’ Takes Home Best Int’l Film at 15th Sanfic

    SANTIAGO, Chile    French director Mikhael Hers’ “Amanda” scooped up the Best Int’l Film award Saturday (Aug. 24) at the 15th Santiago Int’l Film Fest (Sanfic), which reported a 20% audience uptick in the past two years and continues to grow its reputation as the most vibrant and prominent film festival in Latin America’s Southern [...]

More From Our Brands

Access exclusive content