Russian Oligarch Roman Abramovich's $100 Million Film Fund Launches
CANNES — Russian oligarch Roman Abramovich's $100 million private film fund Kinoprime is ready for business, the fund's CEO, Anton Malyshev, said in Cannes this week.
Financed to the tune of $100 million over the next three years, the fund can provide up to 50% of a film's production budget, with a $2 million cap per project. Its first investment, "Fairy," the new feature from Berlinale prize winner Anna Melikyan ("Mars"), is currently in post-production and will be released in Russia later this year.
Roman Abramovich's $100m film fund open to international projects (exclusive)
Russian oligarch and Chelsea Football Club owner Roman Abramovich's $100 million private film fund Kinoprime is up and running - and potentially open to English language and international projects. That was the message from the Fund's CEO, Anton Malyshev, speaking in Cannes this week. The Moscow-based fund, created earlier this year, invests in projects at the final stage of filming. Malyshev (who arrived in Cannes by helicopter on Wednesday) has confirmed the Fund's very first investment, pumping $750,000 into Fairy, the new feature from Anna Melikyan starring Konstantin Khabensky.
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