Magazine article Variety

Venning Takes Stake in LevelFilm with Cash Infusion

Magazine article Variety

Venning Takes Stake in LevelFilm with Cash Infusion

Article excerpt

Levelfilm has sold a majority stake to investor and entrepreneur Laurie Venning, Variety has learned.

The investment was in cash, and as part of the deal to become its largest shareholder, Venning will take a seat on the indie distributor's board. Toronto-based LevelFilm was founded by Dave Hudakoc and Michael Baker in 2013. Hudakoc will continue to oversee all of the company's activities while Baker will continue to play a key role in acquisitions and expanding the company's development activities.

LevelFilm boasts a library of more than 200 films that includes "Edge of Winter" and "The Inevitable Defeat of Mister and Pete." Its upcoming releases include Jordan Canning's "Suck It Up," Joyce Wong's "Wexford Plaza" and Rob Grant's "Fake Blood."

"We are excited to have Laurie join LevelFilm and his investment gives us the opportunity to expedite the growth Michael and I set out to achieve just four short years ago," said Hudakoc in a statement. …

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