Ingenious Media and AGC Studios seal $150 million film production pact
Under the new partnership, Ingenious will cover 50% of the equity investment required to fund each picture produced and financed by AGC as well as providing additional debt financing.
Part of AGC Capital, AGC Studios is a new content creation and global licensing studio recently launched by IM Global founder and former CEO Stuart Ford.
The fast growing AGC announced the hiring of Academy Award® winning film producer Greg Shapiro as its head of film in March. Ingenious Media has also made a string of senior appointments in recent months, including Will Harrison, previously Chief Commercial Officer for the Harry Potter Franchise Group at Warner Bros, as Managing Director and film finance veteran, Peter Touche, as Head of Film.
Peter Touche brokered the co-financing deal with AGC Studios COO Miguel Palos.
Neil Forster, CEO of The Ingenious Group said: "We are delighted to be supporting Stuart and his excellent team of veteran film industry professionals in bringing premium content to worldwide audiences."
Stuart Ford added: "I have had a longstanding and very successful relationship with Ingenious in the past and so we are delighted to continue and indeed expand upon that via our new studio AGC as we look to build an industry leading premium film and TV content company."
Further coverage of the announcement can be found here: