Infinity FCS buys 25 % stake in Brazil's Lumiere
Infinity Film Completion Services, India's premiere film bonding company, has bought a 25 percent stake in Lumiere of Brazil.
Lumiere will also get into production and co-production of Brazilian films in partnership with Infinity, utilising tax credits from the Brazilian government earned from the distribution business. Lumiere will be distributing Palme d'Or winner '4 Months, 3 Weeks and 2 Days' in January 2008.
Says Aanand Mahendroo, Managing Director, Infinity FCS: " Infinity is on a roll. It is a pleasure to join hands with Lumiere. We will both be drawing from each other's strengths."
Marc Beauchamps, Lumiere's founder and CEO expressed happiness at the association and told Variety magazine: "Lumiere will help streamline the Brazilian market, as we will use not only local incentives, but also private financial mechanisms common in Europe and the United States."
Note: Variety magazine carried an article on the association. The link to the article is:
For details contact:
Ankita Gaba -9224111106
Spin Media -98209 94009
About Infinity FCS:
Founded by Aanand Mahendroo & Mehool Parekh Infinity Film Completion Services is a division of Infinity India Advisors Pvt Ltd. It was founded for the purpose of giving guarantees of completion to producers and financiers of Indian and international films. The General Insurance Corporation of India (GIC) – India's state-owned re-insurer, backs Infinity's services.
Infinity understands the Indian film industry and has developed a range of services that enable the Indian filmmaker to successfully transition from a loosely organized effort to a professional, best practices based delivery of feature films to the largest film market in the world. Infinity has launched its film completion services for Indian filmmakers, financiers and producers with an aim to provide a wide range of services that complement the issue of completion guarantees so that Indian producers and financiers are able to make the transition to a globally-accepted best
practices based model of film production and delivery.