Germany’s Commerzbank is prepared to serve as a financier of more international co-productions going forward as it increased its annual financing volume for film and TV production to $340m (€300m) in 2014.
Originally, Commerzbank had forecast at the beginning of 2013 that it was aiming to increase its commitment to the financing of film and TV production from 2012’s $170m to $340m (€150m to €300m) and double its market share in this segment to 30% by the end of 2016.
However, Germany’s second largest bank announced this week that it had already reached these targets by the end of 2014.
The number of productions financed by Commerzbank tripled from 2012’s total of 35 to 105 projects last year.
The 35 feature films handled by the Commerzbank included four-time Oscar winner The Grand Budapest Hotel, animation feature film Der kleine Drache Kokosnuss, and comedy Vaterfreuden.
The 70 commissioned TV productions on the bank’s books ranged from 24h Jerusalem to the $9m (€8m) TV disaster...
Originally, Commerzbank had forecast at the beginning of 2013 that it was aiming to increase its commitment to the financing of film and TV production from 2012’s $170m to $340m (€150m to €300m) and double its market share in this segment to 30% by the end of 2016.
However, Germany’s second largest bank announced this week that it had already reached these targets by the end of 2014.
The number of productions financed by Commerzbank tripled from 2012’s total of 35 to 105 projects last year.
The 35 feature films handled by the Commerzbank included four-time Oscar winner The Grand Budapest Hotel, animation feature film Der kleine Drache Kokosnuss, and comedy Vaterfreuden.
The 70 commissioned TV productions on the bank’s books ranged from 24h Jerusalem to the $9m (€8m) TV disaster...
- 2/26/2015
- by screen.berlin@googlemail.com (Martin Blaney)
- ScreenDaily
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