Wild Bunch AG
CHINA FILM AND TV CAPITAL AND WILD BUNCH CREATE THE FIRST JOINT CO-PRODUCTION FUND BETWEEN CHINA AND EUROPE
DGAP-News: Wild Bunch AG / Key word(s): Alliance CHINA FILM AND TV CAPITAL and WILD BUNCH CREATE THE FIRST JOINT CO-PRODUCTION FUND BETWEEN CHINA AND EUROPE Beijing, November 3rd, 2015 – Chinese entertainment investment fund China Film and TV Capital (CFATC), together with leading independent European filmed entertainment distribution company Wild Bunch, announced the formation of the China Europe Film Fund. The China Europe Film Fund (CEFF) has been officially launched on Tuesday November 3rd at the occasion of the official visit of French President François HOLLANDE to Chinese President Xi Jinping. The signature has taken place in the presence of Mrs. Frédérique BREDIN, President of Centre National du Cinéma et de l’Image Animée, Mr. ZHANG Hongsen, President of SARFT Film Bureau, Mr. Jean-Paul SALOME, President of Unifrance, Mr. ZHANG Pimin, Chairman of China Film Foundation and former Vice-President of SARFT, and Ms. XU Shujun, Vice-President of China Film Coproduction Corporation. The agreement signed during this ceremony creates a unique entity dedicated to the development and financing of pictures co-produced by Chinese and European producers. Benefiting from the clout and ambition of CFATC, and of the know-how and European presence of Wild Bunch, CEFF is poised to become an active and major player in the cooperation between the Chinese and European cultural industries. CFATC, a private equity fund, has been created by the most prestigious and influential organizations in China, which are China Film Foundation, the State-owned Cultural Assets Supervision and Administration Office of Beijing Municipal Government, Beijing Cultural Investment Development Group, Sparkle Roll Group and CITIC Asset Management Corporation Ltd. This agreement also allows Wild Bunch AG, listed on the Frankfurt stock exchange, to confirm its strategy and its ambition. This partnership, as well as the recently announced development in TV content, are significant steps to transform the company into an undisputed leader in the filmed entertainment industry, growing fast and profitably. Says Mr. ZHOU Maofei, Head of State-owned Cultural Assets Supervision and Administration Office of Beijing Municipality, and on behalf of China Film And TV Capital, “Thanks to the valuable experience and expertise of China Film & TV Capital in integrating capital operation with cultural industry, and Wild Bunch’s strong distribution network and influence in Europe, as one of the investors of China Film & TV Capital, I believe, the China Europe Film Fund will greatly advance the development of both the Chinese and the European film industry, and strengthen the cultural exchange between the two lands.” “We are honored to be associated with CFATC and with such an ambitious project”, says Vincent Grimond, Chief Executive Officer and co-founder of Wild Bunch. “For Wild Bunch, this is a natural evolution, as we have always had strong connections with China, which we view both as a formidable market and as an amazing source of talents and movies. The coproduction possibilities between China and Europe, resulting from the constant efforts of the Authorities of several European countries, with France at the forefront, create the perfect environment for this partnership. This is definitely extremely important for Wild Bunch’s development strategy and growth, but we also hope to make it an example of success, at the key confluence of cultural and industrial cooperation.” CEFF will start by focusing on financing coproductions to be commercialized internationally and on the PRC territory. It will gradually increase its financial resources by attracting other investors, while expanding its field of investment to other private equity segment in the entertainment world. The deal was initiated and facilitated by Eastward Entertainment’s Vincent Fischer, who furthermore acts as an advisor for Wild Bunch in China, and a member of the Board of CEFF. About CHINA FILM AND TV CAPITAL About WILD BUNCH (www.wildbunch.eu) About Eastward Entertainment (www.eastwardent.net) Contacts: Wild Bunch CHINA FILM AND TV CAPITAL EASTWARD ENTERTAINMENT 2015-11-03 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Wild Bunch AG | |
Knesebeckstraße 59-61 | ||
10719 Berlin | ||
Germany | ||
Phone: | +49 (0)30 88-091-770 | |
Fax: | +49 (0)30 88-091-774 | |
E-mail: | investor@senator.de | |
Internet: | www.senator.de | |
ISIN: | DE000A13SXB0 | |
WKN: | A13SXB | |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart | |
End of News | DGAP News Service |
408185 2015-11-03 |