To kick off a new slate of star-driven feature films, development, production, finance and distribution consortium AMBI Group has launched a $200 million fund that will fully finance five mid-budget range films, and at least ten smaller budgeted features. AMBI Group owners Monika Bacardi and Andrea Iervolino serve as anchor investors in the fund, joined by New York based private equity firm Raven Capital Management LLC (“Raven”).
The fund’s launch comes a month after AMBI acquired the Exclusive Media Group film library of 400 titles, a diverse portfolio of films including Cruel Intentions, Donnie Darko, Ides of March, Memento, The Mexican, Parkland, Rush, Sliding Doors, Snitch, and Undefeated among many others.
Outside of the fund, AMBI and Raven will continue to co-finance projects with various studio and independent partners. Ambi has to films in production this year; among the group’s slate are James Franco’s In Dubious Battle, the animated family film Arctic Justice: Thunder Squad, the contemporary fairy tale This Beautiful Fantastic, Groove Tails, starring Jamie Foxx, the sci-fi thriller Rupture, the psychological thriller Lavender, the romantic comedy All Roads Lead to Rome, Barry Levinson’s The Humbling, and the sci-fi action thriller Andron: The Black Labyrinth.