Magazine article Screen International

Haslam and Grumbar's Embankment Sells Princess Di Film to 40 Territories

Magazine article Screen International

Haslam and Grumbar's Embankment Sells Princess Di Film to 40 Territories

Article excerpt

Tim Haslam (formerly CEO of HanWay) and Hugo Grumbar (former MD of Icon) have unveiled their new international sales and financing company, Embankment Films.

The company has quietly been working on the Princess Diana biopic Caught In Flight since the AFM.

Now, after the EFM, that film -- with Naomi Watts now attached to star-- has been pre-sold to more than 40 territories, including deals for the UK, Germany, France, Italy, Spain, Switzerland, Japan, Scandinavia, Benelux, Australia & New Zealand, CIS and Latin America. Ecosse Films is producing the project, about Diana's relationship with surgeon Dr. Hasnat Khan. Olivier Hirschbeigel will produce.

Embankment said it "aims to provide a one-stop shop to producers, encompassing pre-sales, tax credit cash-flow and gap financing - enabling producers to structure and finance at one port of call rather than through multiple facilities."

Embankment has secured a credit facility of up to $20m with Aver Media. …

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