Asian Trio Backs Hollywood Mega-Fund
Toho-Towa and Kadokawa Pictures alongside RGM Media of Singapore have become founder investors in Hemisphere Motion Picture Partners.
The $250 million fund intended to co-finance major studio picture anticipates deploying $400 million in 8 to 10 pictures over a 4-year investment period.
Although the fund counts three Asian partners, De Fanti says they are chiefly on the lookout for studio films, primarily in English.
“This fund will play an important part in our international strategy in expanding our film business, and we trust we can draw on our experience with major studios to make this venture a successful one,” said Shiina Yasushi, president of Kadokawa Pictures in a statement.