×

Great Point Invests in U.K. Indie Producer Seven Seas (EXCLUSIVE)

U.K.-based Great Point has bought into Seven Seas Films, the British indie producer that recently teamed with BBC Studios for a drama series about the final months of Marilyn Monroe. Great Point has a new “enterprise investment scheme” fund, Great Point Ventures, and is primed to invest in several more film and TV producers in the U.K.

The U.K. has rejigged the EIS funding mechanism, which in the past has been extensively used to back slates and individual projects. That is no longer possible, but the new rules do allow for investment in media firms.

Demand for content is high, but producers often need finance to keep their operations up and running amid the ebb and flow of production. Many opt for deals with sales firms who get a first look at the international rights to their output. Great Point also has a sales division, which is active at Cannes, but co-founder Jim Reeve told Variety that its investments do not come with the requirement that they take rights.

“Content is king in the TV business and the Seven Seas team has an impressive reputation for crafting great stories that capture the attention of audiences and are thus in demand from broadcasters and distributors looking for the next hit show,” said Reeve, speaking at the Cannes Film Festival. “Our investment and support will help the Seven Seas team on this exciting next stage of growth, and we look forward to seeing their great work make it to the screen in the coming months.”

Seven Seas was set up by Simon Lupton, a former Left Bank Pictures and UKTV executive, and Dan Sefton, who has written series for the BBC, ITV, and Sky among others. “This is a time of great change in the TV and film world, and this partnership gives us a great chance to take advantage of these new opportunities and develop fresh and exciting voices and ideas for the screen,” Sefton said.

Great Point is out raising capital for its Ventures fund and looking to close its next tranche in July. It has already used the fund to invest in screening portal ProgramBuyer, film and TV data analytics outfit Looper Insights, and immersive games platform Brightlobe.

Popular on Variety

More Film

  • Australia Makes Progress on Gender Equality

    Australia Makes Progress on Gender Equality in Film and TV

    Screen Australia, Australia’s federal film and TV funding body, has made sufficient progress in furthering gender equality that it has set more ambitious targets. The organization has exceeded its long-term Gender Matters key performance indicator, with 56% of projects receiving production funding having at least half of the key creative roles occupied by women, based [...]

  • Pawel Pawlikowski, during the ceremony award

    Pawel Pawlikowski on the Power of Making Movies With ‘Barbarians at the Gate’

    Academy Award winner Pawel Pawlikowski says he’s watching “with horror” as political developments increasingly divide countries across the globe, and admits that he’s reluctant to take a stab at documenting modern life after the success of his two critically acclaimed period dramas, foreign-language Oscar winner “Ida” and thrice-nominated “Cold War.” “I don’t have a hook [...]

  • Jessica Chastain Lupita Nyongo

    Jessica Chastain, Lupita Nyong'o Spy Thriller '355' Gets 2021 Release Date

    Universal Pictures has dated its spy thriller “355,” starring Jessica Chastain, Lupita Nyong’o, Diane Kruger and Fan Bingbing, for a Jan. 15, 2021, release. Simon Kinberg is set to direct from a script he co-wrote with Theresa Rebeck. The movie follows a group of spies from international agencies around the world. These women must bond [...]

  • Florenc Papas on Road Movies, Ancient

    ‘Open Door’ Helmer on Road Movies, Ancient Traditions, Social Pretensions

    Albanian director Florenc Papas, an alumnus of the Sarajevo Talents program, is in competition at the Sarajevo Film Festival with his feature film debut, “Open Door.” The road movie follows two sisters, Rudina and the pregnant and unmarried Elma, who embarks on a journey to visit their strict and traditional father in the remote mountain [...]

  • Dronningen/Queen of HeartsDirected by MAY EL-TOUKHYNordisk

    'Queen of Hearts,' 'White, White Day' Among Nordic Council Film Prize Contenders

    HAUGESUND, Norway  —  Iceland’s “A White, White Day,” Denmark’s “Queen of Hearts” and Norway’s “Blind Spot” are among the five films that will compete for this year’s Nordic Council Film Prize, a prestigious film award aimed at promoting Nordic co-operation and environmental initiatives. Sweden’s “Reconstructing Utøya” and Finland’s “Aurora” help round out the list, which [...]

  • Actor Javier Bardem looking at chinstrap

    Javier Bardem on Toronto-Bound ‘Sanctuary,’ See Trailer (EXCLUSIVE)

    MADRID  — Just selected as a Special Event at September’s Toronto Film Festival, Alvaro Longoria’s “Sanctuary.” starring and produced by Javier Bardem, may need a new ending. On Aug. 19, Bardem, along with Greenpeace, addressed delegates at the United Nations in New York to urge governments to agree to a strong Global Ocean Treaty. Creating [...]

More From Our Brands

Access exclusive content