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WMA announces $100 mil film fund


May 16, 2008 The fund, to be called Incentive Filmed Entertainment, is being financed by JPMorgan Chase, with Aramid Entertainment Fund and private investors also providing financing. Film funds had been hugely popular in the past few years, funding a range of studio and indie projects, until the debt crunch and other factors essentially stopped new ones from being created in the middle of 2007. A fund would be a boost to a specialty-film biz reeling from the shuttering of Warner independent and Picturehouse and a cash crunch at ThinkFilm owner Capitol Films.

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