Media Content Capital has made an 8-figure investment and will become a shareholder of QED International, the financing and sales company run by Bill Block. The funds will be used to ramp up development, sales and financing operations as QED produces and or acquires four to seven films a year and grows to handle third party productions. The investment will allow Block to pay minimum guarantees to acquire offshore rights to completed film.
QED burst on the scene several years ago with the sleeper hit District 9 and the Oliver Stone-directed W. Among the films QED is currently financing and producing are the action thriller Ten, starring Arnold Schwarzenegger, which Open Road recently acquired for U.S. release; the Neil Blomkamp directed Elysium, starring Matt Damon and Jodie Foster for Columbia Pictures; and the crime thriller I, Alex Cross, starring Tyler Perry, Matthew Fox, Rachel Nichols and Ed Burns for a Lionsgate/Summit release this October.
On the investment, Block said it “gives us the balance sheet to support filmmakers in getting their movies made and allows us to expand our business and platform to better serve our clients and the creative community.”
Said Media Content Capital’s Sasha Shapiro: “We believe content is increasing in value around the world. QED’s risk mitigation approach to financing new films is appealing to us. We look forward to working with Bill and the QED team in growing the business.”