Magazine article Screen International

Image Nation Launches $300M Fund with CICC

Magazine article Screen International

Image Nation Launches $300M Fund with CICC

Article excerpt

Image Nation Abu Dhabi has signed a long-term strategic partnership with China Intercontinental Communication Center (CICC) covering a film fund, TV programming and training.

The two parties are launching the $300m 'Culture China - Image Nation Content Fund', which will invest in mainstream films and TV programming from Hollywood, China and other countries worldwide.

The seven-year fund has an initial capital base of $100m, contributed equally by Image Nation and CICC, and will seek other China-based partners in return for limited partnership interests.

Image Nation is already an active investor in international co-productions through its relationships with Hyde Park Entertainment and Parkes/MacDonald. CICC and Image Nation will jointly manage the fund and recently hired Derek Dauchy as an advisor, based in Los Angeles.

In addition, CICC is partnering with Image Nation's new factual entertainment channel Quest Arabiya to produce programming about the Silk Road regions, past and present, in accordance with China's One Belt One Road initiative. …

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