Arab Today, arab today venice buzzes with new film financing initiative
Last Updated : GMT 17:41:11
Arab Today, arab today
Arab Today, arab today

Venice buzzes with new film financing initiative

Arab Today, arab today

Arab Today, arab today Venice buzzes with new film financing initiative

US director Frederick Wiseman holds his golden Lion award
Venice - AFP

Gripped by film festival fever, international investors are hunting for the next groundbreaking stories and rising-star directors -- and they're in luck, for far from the crush at festivals like Toronto, Venice has launched a unique initiative.
The title may not be sexy, but the "European Gap-Financing Co-production Market", new this year, hopes to take movies from the drawing board into cinemas worldwide by filling their funding gaps.
The idea is to match potential financing partners -- such as private equity companies -- with directors who have at least 70 percent of their funding already in place.
Based in the glamorous Excelsior Hotel on the Lido where the first edition of the festival was held back in 1932, the gap-financing market is buzzing with directors hawking tales of bloodsucking vampires, school orgies and rebellious monkeys.
"This is the first project of its kind," said Pascal Diot, who heads up the film market and came up with the idea for the initiative.
"Toronto, Cannes, Berlin and Sundance all have their own attractions but none have this. I wanted to set up something which would be different from the usual development projects," he told AFP.
Diot, who has over 25 years experience in international film sales, said the idea was to tap into "the great demand for opportunities to invest in films the industry can be sure will be made."
And with co-productions often split 70/30, "by having projects with 70 percent of financing already in place we are making it easier for shoppers," he said.
- From orgies to thrillers -
Didar Domehri, whose production company Full House is producing French film "Bang Gang" by first-time director Eva Husson, said she was looking for 260,000 euros ($341,500) from "a private, flexible investor" to complete the budget.
"I have my usual network but this is a great opportunity to identify new people," she said, adding that she had already been approached by possible investors from Britain and the United States at the gap-financing market.
"It's a fantastic initiative, I think it will be a great success," she said.
At the next table, overlooking the beach, a French investor chatted excitedly to an Italian team about an international conspiracy thriller, before a Dutch team with a film on the undead unveiled their presentation.
This is not the only project to help promising movies overcome hurdles: Final Cut in Venice, now in its second year, sees nearly-complete films from Egypt, Ghana, Jordan, Palestine and Syria compete for post-production services.
This year six works, including documentaries on Ghana's disabled skate soccer team, Jordanian exorcists and Palestinian refugees, are competing for prizes such as 15,000 euros worth of colour correction or audio mixing.
Diot said he was still ironing out problems with "European Gap-Financing Co-production Market" -- including not having enough screening facilities to match the number of industry requests to see products.
But the film market here in general is doing well he said, considering Venice screens 55 films compared to hundreds of flicks shown in Toronto.
"The numbers are steady compared to last year's figures, while attendance in both Cannes and Berlin, for example, decreased this year," he said.
Last year's market, which was mostly for distributors, drew around 1,700 industry participants, according to its website.
"The industry presence here is relatively small of course, but our market is still very young and I'm sure will grow in popularity. Venice is a small festival, there's no rushing around, networking is a pleasure here," he said.
"We want as many products as possible to begin in Venice, to grow thanks to Venice, where we hope they will then return and compete for the Golden Lion."

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today venice buzzes with new film financing initiative Arab Today, arab today venice buzzes with new film financing initiative

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday