Magazine article Screen International

Kirin Media Launches $25M China-Backed Fund

Magazine article Screen International

Kirin Media Launches $25M China-Backed Fund

Article excerpt

Five projects have already been identified for the fund, including adaptations of Andre Norton's sci-fifantasy franchise Witch World and PlayStation video game, TV series and graphic novel Gungrave, which Kirin will co-produce with LA-based Convergence Entertainment.

The fund's initial slate also include crime thriller Stone, from the writer and producer of Bus 657, Stephen Cyrus Sepher.

"We are excited to launch the fund with a focus on investing in independent films with commercial appeal and studio distribution," said Kirin Media managing partner JeffChao, who previously managed the $250m fund between Participant Media and ImageNation Abu Dhabi.

"We want to recognise our strategic partner Leo Jianjun Zheng from the Shanghai AllBright Law Firm for helping us navigate the Chinese investment landscape. We also look forward to fulfilling our film financing strategy in Hollywood through our US partners Rashaun Williams and Charles E. Bush."

Chao has managed film funds for the past eight years and was also involved in the formation of a $100m Chinese-Hollywood film fund. …

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