Three media funds launched by Hong Kong’s New Asia Ferrell Asset Management | News
Today at Filmart Online, Hong Kong-based New Asia Ferrell Asset Management unveiled three new media funds aimed at gap financing for streaming platform content creators.
Scheduled to launch on March 18, the three funds will be dedicated to action, sci-fi and “Hollywood IP”, covering a range of countries and budgets.
New Asia Ferrell’s new chief investment officer, Adam Guy Orlebar Garrett, who officially takes office on March 18, said of the funds: “For most content creators, the major streaming platforms are still generally capping budgets. and still only pay for movies and TV shows when a project is complete, giving investors the opportunity to step in with top-up funding. »
He cited “the stellar creditworthiness of major streaming platforms” and their “willingness to write big checks immediately upon project completion, which drastically reduces the time to just 2-3 years before investors receive the times their initial investments and any profits earned.”
The action genre fund will target films and TV series such as Manila-based BlackOps Studios Asia’s genre slate, which works with leading Filipino media and entertainment group ABS-CBN on prison crime dramas . Sale block. Jason Lin’s Story Arch Pictures and Agog Film Productions, Garrett’s Hong Kong production company, are also co-production partners on this list.
The sci-fi genre fund includes a list of high-profile film adaptations, including Sagramanda by Alan Dean Foster, author of Hollywood film novels such as Star Wars: The Force Awakens; fantasy artist and author Patrick J Jones’ Sentinels; and the young adult trilogy by futurist author THH Adrien, When immortals walk the earth.
The Hollywood IP fund is an “opportunistic, event-driven” fund for flagship features and related projects that cross paths with New Asia Ferrell. He is currently focusing on a video game project, with more details yet to be announced.
Producers Lin and Bizhan Tong, both former financiers, act as the funds’ external advisers. Tong’s next production, Chungking Mansionsannounced a new cast at Filmart this week.
New Asia Ferrell has two other funds in the works – a Japanese intellectual property fund focused on manga and anime adaptations into feature films and other media, and an independent film fund for co-branded media projects. with “a big online movie market” yet to come. be decided.
All New Asia Ferrell funds will be based in the Cayman Islands.