Magazine article Screen International

Filmin Secures Investment

Magazine article Screen International

Filmin Secures Investment

Article excerpt

Metropolitan Filmexport and Le Meilleur du Cinéma obtain 35% stake in the Spanish VoD service.

Filmin has secured capital investment from Metropolitan Filmexport and Le Meilleur du Cinéma, who have obtained a 35% in Filmin.

The investment will allow the Spanish VoD service to increase its high end technology and marketing investment, and undertake international expansion.

Juan Carlos Tous, Filmin's co-founder, commented: "With this vote of confidence, Filmin will secure its position as leader of independent cinema distribution in Spain."

It comes just months after Metropolitan and Le Meilleur du Cinéma acquired a 49% stake in Belgium VoD service UniversCiné Belgium, forming the basis for an international independent VoD group.

"Our recent investments in UniversCiné Belgium and Filmin follow the success of our own VOD service Cinéma(s) à la Demande, which is operated by Le Meilleur du Cinéma. …

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