Adopt Acquires Hit Croatian Comedy
Adopt Films has taken all U.S. rights to Croatian comedy The Priest’s Children. The Vinko Brešan-directed movie premiered at Karlovy Vary and has become the 3rd highest-grossing Croatian film in the country since it achieved independence in the 1990s. A pastiche about the slightly unethical fashion in which an idealistic young priest addresses the declining birth rate among his flock on a magically beautiful Crotian island is reminiscent of 1983’s Scotland-set Local Hero. It stars Krešimir Mikić, Zdenko Botic, Nikša Butijer, Drazen Kuhn and Marija Škaričič. Producer is Ivan Maloča for Interfilm Produkcija and Zillion Film. It was written (and scored) by Mate Matišić, based on his play. Adopt acquired the film from Paris-based Wide Management.
Bollywood Shoots Staying Closer To Home
Crunched by a falling rupee, Bollywood filmmakers are forgoing trips abroad to shoot. A new report by the Associated Chambers of Commerce and Industry of India says the last four months have seen a 30%-35% decline in foreign location shooting. D.S. Rawat, the secretary general for the group, said the trend is expected to continue and that filmmakers are looking for more attractive options either at home or in South East Asia, the Middle East and South Africa. But travel to the U.S., the UK, and elsewhere in Europe is being reined in according to the study that polled 50 filmmakers. The rupee has lost 20% of its value since May.
Content Buys Into Finnish Producer Aito
Content Media has acquired a 50% stake in Finnish factual entertainment producer Aito Media. Aito was founded in 2003 by Ilkka Hynninen and Eero Hietala, and they continue to manage the company. Among Aito’s credits are The Night Patrol, Different Moms and 30 Days On The Arctic Ocean. Content and its partner Small World IFT will share formats and production ideas with Aito across multiple territories. Content’s sales team will also work with Aito to distribute its formats and finished titles on the international market. Content’s portfolio of companies also includes LA-based reality producer Collins Avenue and Alex Gibney’s Jigsaw Productions.
Ang Lee To Chair Golden Horse Jury
The Taipei Golden Horse Film Festival says Oscar-winner Ang Lee will chair its main jury in November. Tsai Ming-Liang’s Venice contender Stray Dogs is the opening night film. Also participating are Johnnie To, who will be on the Film Project Promotion Jury, and Hou Hsiao-Hsien who will conduct a masterclass. Lee was on the Cannes Film Festival jury earlier this year. The festival runs from November 8-28.
Dogan Bids $742M For Leading Turkish Pay-TV Operator
Turkish media giant Dogan Holding has made a $742M offer for 53% of leading pay-TV operator Digiturk, The Financial Times reports. Dogan’s offer is much higher than the $530M bid that Turk Telekom made in July. However, there is no formal auction underway and because Dogan already owns No. 2 pay-TV operator, D-Smart, there could be regulatory concerns. Private equity firm Providence owns 47% of Digiturk and the 53% Dogan is bidding on was seized by a deposit insurance fund in May as a result of liabilities stemming from the 2000-01 banking crash, the FT says.