EIF Injects $26 Million Into European Film and TV Production

variety.com:

Jamie Lang The European Investment Fund (EIF) has committed €25 million ($26.2 million) to the Finland-based IPR VC Fund III.

The investment aims to enhance the production of European films and TV series, and the fund now exceeds €100 million ($105 million).

Headquartered in Helsinki, IPR.VC has been a key player in the media investment landscape since 2015, raising €200 million ($209.8 million) from Nordic professional investors across three funds.

The firm has financed over 50 productions globally, many of which have garnered recognition at international festivals. Recent recipients include the upcoming “Mother Mary,” starring Anne Hathaway (pictured above), Sundance standout “The Legend of Ochi,” Alex Garland’s “Civil War” and Matt Johnson’s Berlin competition player “Blackberry.” “Our investment in IPR.VC Fund III underscores our commitment to fostering innovation and creativity within the European audiovisual sector,” said EIB Vice-President Thomas Östros. “By supporting this fund, we are enabling European producers to retain intellectual property rights and bring high-quality content to global audiences, strengthening Europe’s cultural and creative industries.” IPR.VC Fund III, licensed by the Finnish Financial Supervisory Authority, aims to attract other financial backers and reach its target size of €120 million ($125.8 million) by its closing on March 31, 2025.