Naman Ramachandran London-based Spring Films, producers of Oscar nominated and BAFTA-winning 2012 documentary “The Act of Killing,” has signed a joint venture and partnership agreement with U.S.-Europe media fund APX Group.
The new venture, via which APX and Spring will invest in new productions over the next five years, will be based in London and owned equally.
It will look to develop and produce new and breakthrough content. The parties also see this agreement as an opportunity to curate a library of content that will have the potential for global distribution.
The board of directors of the joint venture will include two members each from APX Group and Spring Films. APX recently acquired a stake in the U.K.’s Twickenham Studios and in Next Wave Studios, the joint venture between Leo Matchett and Roman Coppola’s Decentralized Pictures and Stephen Murray’s Bingeable, and the development slate of Burning Wheel.
Read more on variety.com