Magazine article Screen International

FilmNation Strikes Faliro House Deal

Magazine article Screen International

FilmNation Strikes Faliro House Deal

Article excerpt

Two-yeard deal for development fund will cover four to eight projects annually.

FilmNation Entertainment and Faliro House Productions, backed by Greek film financier and producer Christos V. Konstantakopoulos, have struck a two-year development fund deal, announced here in Berlin today and effective immediately.

The companies expect to use the fund to develop four to eight projects annually, all of which will be financed under FilmNation's existing credit facility.

The companies said the deal will allow FilmNation to further expand its strategy of acquiring early-stage, high-profile properties in development, while also broadening Faliro House's slate with marquee titles for the international marketplace.

"It's an honour when a man like Glen Basner asks you to partner up," said Faliro House President Christos V. …

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