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United States : FLIXFLING to use new fund to ramp up acquisition programs

May 19, 2014

The North American streaming service, FlixFling, has unveiled a new fund, Invincible Entertainment Partners, that it has gathered from private equity partners.

The company will use the fund to boost its acquisition programs.

The fund will go towards its on-demand streaming service as well its theatrical releases in the U.S. through its holding company Invincible Pictures.

FlixFling intends to acquire one to five films in Cannes and will release the same number of films monthly going forward.

CEO of FlixFling, Thomas Ashley said : "The fund will greatly expand on our ability to offer great independent cinema exclusively to FlixFling's customers. Because audiences have so many choices in terms of where they can find entertainment content, we now have to be much more selective and find films that have tangible connectivity to an audience. We have had great success with genre titles in the past and will continue to look at those, but, with greater financial resources, our approach to acquisitions has shifted and we are able to curate a robust catalog that is second to none."

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Source: TendersInfo (India)

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