EXCLUSIVE: Well Go USA has partnered with film finance executive Gregory Chou to launch Caspian Media Capital, a new film fund that will finance and produce two to four indie films per year with budgets up to $20M. The venture will also seek out co-financing opportunities with studio partners for certain projects. The new partners hope to exploit a niche in the marketplace as studios continue to generate polarizing slates of low-cost genre and big-ticket tentpoles. There is a mid-range of films in between and makers of those films will find funding from Caspian Media Capital. Well Go USA is putting up the funds for the new venture.
The venture will allow Well Go USA to service its relationships with Asian filmmakers, intellectual property rights holders, as well as its Hollywood aspirations. Chou has extensive experience in Asia, and the hope is that the pieces in place will result in projects that bridge English-language and Asian fare and create co-production opportunities. Caspian Media will have headquarters in L.A., with offices in Texas and China. The managing partners of the fund will be Well Go USA President Doris Pfardrescher and Chou, the latter of whom most recently was COO of FilmEngine with prior stints at Sony, CAA and Paradigm, mostly in indie film packaging.
“Our vision is to grow globally and Caspian Media Capital allows us to do so by financing, producing and distributing films that have worldwide appeal,” said Pfardrescher.
Said Chou: “With our finance experience and extensive network in independent film, along with Well Go’s distribution infrastructure and knowledge of the growing Asian entertainment industry, we are excited to build Caspian Media Capital as a new finance and production company, as well as a trusted home for content creators.”