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Backup Films launches the COFICUP film fund for 2006

2005-11-14

 

Backup's COFICUP has just been greenlighted by French tax authority under the SOFICA scheme.

COFICUP will spend Euros 1.15M in 2006 on French-qualifying films and plans to raise its investments to Euros 3M as soon as 2007.

COFICUP will focus on two investment schemes : providing gap financing to French speaking independent feature films against international sales recoupment position only ; and co-financing French minority co-productions for feature films originating from European countries, shot in their national language.

Investments decisions will be made by an investment comittee involving founder Backup Films and three independent members : Eric Lagesse (Pyramide Deputy Director and Unifrance Vice-President), Carole Baraton (Wild Bunch) and Nathanael Karmitz (MK2 General Manager). Investment are set to start first quarter of 2006.

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