XYZ FILMS RAISES PRODUCTION FINANCING FOR SLATE OF FILMS BACKED BY IPR.VC
LOS ANGELES, CA (November 7th, 2019) – Los Angeles-based production, sales and management outfit XYZ Films announced today that it has raised funding to provide production financing across a slate of 15 to 20 films to be produced in the US and in Europe and targeted to global markets. Venture capital firm IPR.VC, based in Helsinki, Finland, is co-financing the slate.
The raise enables XYZ to fully finance or co-finance the filmmaker-driven independent genre fare on which it has built its brand. It is the latest in a series of expansions for XYZ this year, beginning with the hiring of Tatyana Joffe as its President of International Sales & Distribution, forming a documentary division, and most recently establishing a talent management division.
“Our model has always been making responsibly-budgeted films from filmmakers we want to support. With funding from IPR, we can now be a one-stop shop for production, distribution and financing” say XYZ partners.
IPR.VC is a Helsinki-based venture capital fund investing in the media and entertainment sector, with a focus on intellectual property. The fund identifies and supports visionary entrepreneurs in the content space.
“XYZ’s bold vision and talent-focused approach make them the perfect partner to launch IPR.VC’s second M&E fund. We look forward to our continued collaboration with XYZ’s outstanding team to create another successful venture for our investors.”, says Timo Argillander, Managing Partner of IPR.VC.
The deal was negotiated by Maxime Cottray for XYZ Films and by Elisa Alvares for IPR.VC.
About XYZ Films:
XYZ Films is an integrated content company whose mission is to empower visionary storytellers from every corner of the planet. As an independent production company and worldwide sales agency, the company is uniquely suited to identify talented filmmakers and bring their stories to life. XYZ was founded in 2008 by Nate Bolotin, Nick Spicer, and Aram Tertzakian. Notable XYZ titles include Gareth Evans’ The Raid and The Raid 2, Macon Blair’s Sundance winner I Don’t Feel at Home in this World Anymore, Karyn Kusama’s The Invitation, Panos Cosmatos’ Mandy, and Joe Penna’s Arctic.
Founded in 2015, IPR.VC is a venture capital fund manager focused on the Media & Entertainment sector. Backed by Nordic institutional investors, IPR.VC operates out of London and Helsinki, and works with a network of professionals in major European media centres. IPR’s funds have exposure to film, TV, videogames, animation amongst other subsectors, and its new Fund II is dedicated to investing in the production and distribution of filmed entertainment. In collaboration with carefully selected strategic commercial partners, IPR invests in film and TV assets made for the global audiences. IPR.VC is a regulated alternative investment fund manager (AIFM) and it commits to responsible investment principles.