DFI teams up with American media group to create $100 million film fund
The Doha Film Institute and US-based Participant Media have partnered to create a $100 million film fund that will finance more than a dozen feature films, the groups’ CEOS announced at the Berlin International Film Festival yesterday.
According to DFI, recipients of financing from the five-year revolving fund will also receive production help and assistance with worldwide distribution.
Participant and DFI, which are already collaborating on an animated film adaptation of Khalil Gibran’s The Prophet, are also exploring the possibility of the following:
- To establish a distribution channel for DFI’s projects, particularly in the US;
- To collaborate on programming for Participant’s new TV channel, which launches in August;
- To create an Arabic-language version of Participant’s online division; and
- To form a Middle East branch of Participant set at DFI’s headquarters in Katara.
In a statement, DFI CEO Abdulaziz Al-Khater said:
“The partnership gives us the opportunity to reach and inspire broader audiences, and expand our platforms for the development, promotion and distribution of compelling storytelling.”
Credit: Image courtesy of Steve Curtin