EXCLUSIVE: The private firm Fleet-Fairhaven has just financed a $50M P&A fund geared towards U.S. releases for Double Dutch International (DDI) releases, accessible exclusively for movies represented by DDI for worldwide sales rights. The first movie to benefit from the fund will be the animated family film Elliot: The Littlest Reindeer, which will receive $15M from the fund, said Jason Moring, president of DDI. Movies from the DDI slate, which will benefit the Fleet-Fairhaven P&A fund, must be strong cast-driven pieces with the ability to get a US release on at least 100 screens.
DDI is an international sales company and is also selling the family film A.R.C.H.I.E. which Michael J. Fox is voicing.
Fleet-Fairhaven is a private wealth management firm with an investment portfolio of over $235 million. Based in Luxembourg with an office in Los Angeles, it specializes in putting up funding in a very secured position for the promotion of entertainment related products such as video games, film and television productions, and some music promotions.
“Thanks to Fleet-Fairhaven’s funding, our acquisitions capability has increased drastically,” said Moring.
The deal was brokered by Jon Turtle on behalf of Fleet-Fairhaven and Moring of DDI.