INVESTING IN FORMOSA FILMS
Our innovative funding strategy, using a variety of tax driven schemes, ensures that we retain maximum control of all our projects and protect our Investor’s interests.
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Pioneering the now industry-standard EIS (Enterprise Investment Scheme) Formosa Films raised the equity for the feature film CLUBBED by combining the EIS with regional finance together with the UK film tax credit.
We further protect our backer’s investments by keeping the budgets low, fiercely retaining our independence and building sustainable, creative relationships with some of the UK's finest talent.
| “An increasing number of high rollers looking to protect their wealth from the clutches | |
| of Gordon Brown are investing in small private companies, through the enterprise | |
| investment scheme (EIS)” | Magnus Grimond, The Times, 17th February 2007 |
In the UK projects traditionally pre-sell rights internationally to form a percentage of the budget with the remainder coming from a broadcaster, independent financier, bank loan or similar facility. In exchange for this funding producers may sacrifice the rights to the film’s exploitation around the world and any secondary markets such as download, VOD and DVD. In addition they are often asked to defer their fees.
Formosa Films employ an alternative model, which combines private equity, together with regional/state subsidised funding or other ‘soft’ money sources together with the UK film tax credit or similar tax credit systems in other countries. This method forms a much more efficient system of funding by retaining all the rights and thereby offering a far more exciting and potentially lucrative deal to the Investor.
| “Despite the onset of the credit crunch in late 2008 cinema-going has remained one of | |
| the most popular forms of entertainment in the UK, with an increase in both box | |
| office and admissions.” | Screen Daily, July 2009 |
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