Fox Comes To Britain
Production deal to boost British movies
05/09/2003
Something that could possibly be filed under the heading 'boring but important', Fox Searchlight has signed on for a five-year partnership with DNA films, a move that will create a major British film company. Now wait a minute. Before you slump into a drooling catatonic stupor, bear in mind that this could spell big things for the British film industry so bear with us.
Searchlight has taken a 50% share in the company, bringing $25 million to a comparable sum DNA has sourced from lottery funding. But the deal brings more to our shores than simple cash. Fox Searchlight's partnership lends Fox's worldwide distribution to a major British production company, meaning more people will see our films, which brings in more money, which means more British films will end up being made. The plan is to produce top quality British movies with budgets up to $15 million and will be a much needed shot in the arm for our nation's film industry.
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