Backup Films launches fund for acquisitions

September 04, 2008 French film-financing agency Backup Films has launched a fund to act as an acquisition partner for European independent distributors, striking an initial agreement on a five-film slate with Gallic distributor Le Pacte. "The scheme shares exploitation risk with distributors, enabling them to keep full control of the career of their films, as well as the opportunity to own all of the co-acquired rights after first exploitation cycle," Aknin said. Paris-based Backup Films has been acting as film project packager and investment funds manager for the past six years, notably managing two French tax write-off funds.

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