TORONTO, ONTARIO--(Marketwire - Sept. 10, 2012) - Now TIFF cinephiles can boast more than red carpet movie screenings and A-list after parties. Through 982 Media's new film finance fund, they can actually participate in a percentage of post-box-office revenues from a portfolio of independent films. Included in the portfolio is the highly anticipated GREAT EXPECTATIONS, the newest movie adaptation of the Dickens' classic directed by Mike Newell (HARRY POTTER, FOUR WEDDINGS AND A FUNERAL), which premieres at TIFF on Tuesday at Roy Thompson Hall.
"For the first time, Canadian moviegoers can participate in the profit potential from various aspects of film finance in many different types of film projects," said Arti Modi, President of 982 Media.
The 982 Media Fund is an exempt-market product that is currently offered to Canadian investors though Exempt Market Dealers. It incorporates both debt financing opportunities, such as the P&A Financing, as well as equity participation opportunities in production financing. The fund requires a minimum investment of $5000 and is RRSP eligible.
"As P&A financiers, our investors earn strong interest rates on the money we loan to quality projects like GREAT EXPECTATIONS. They also participate in a percentage of the wide scale post-box-office revenues these types of projects have," said Modi.
982 Media is partnered with experienced distribution and acquisition team, Outsource Media Group, who are helping to build the portfolio of promising pre-buys and finished pictures for the fund's investors. Each prospective film undergoes a stringent due diligence process in consultation with the team's veteran advisory board including Wayne Duband, former President of Warner Bros International and Russell Schwartz, former President of Marketing of New Line Cinema.