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5:14 pm , May 9, 2010

UK’s Soda Pictures sets up new $3m fund, acquires Tetro and Coco Chanel & Igor Stravinsky

The London-based distributor has set up a new $3m (£2m) distribution fund called the Soda Film Fund to bolster its acquisitions and optimise their release campaigns.

Soda Pictures is “upping its game” with a new fund to buy slightly bigger films. The London-based distributor has set up a new $3m (£2m) distribution fund called the Soda Film Fund (SFF), to bolster its acquisitions and optimise their release campaigns. The SFF has already attracted seed money for its first two films: Tetro by Francis Ford Coppola and Coco Chanel & Igor Stravinsky, the continuation of the Chanel story starring model Anna Mouglalis and Mads Mikkelsen. Both films were acquired from Wild Bunch. They will be released this summer.

The SFF aims to pick up 8-10 films over the next year and release them all by the end of 2011. This venture is a partnership between Soda Pictures and Lumiere Film Investments, and was put together by Soda Pictures Managing Director Eve Gabereau and Lumiere Film Investments founder and film financier Nick Crossley.

Read the full article.