China’s Bliss Media, a shareholder in Insiders, is partnering with CODI Capital Group to launch a film and TV fund to the tune of $150 million. Bliss Media CEO Wei Han and CODI Capital Group’s Xiaodi Li will co-manage the fund, which will concentrate on international film and TV equity investment. The first round of funding will invest in several quality projects with international distribution. Investment targets of the fund will be provided exclusively by Bliss Media and jointly evaluated and greenlighted by the fund’s management. Bliss Media also will handle the distribution of all the projects in China. CAA brokered the deal.
Bliss Media most recently acquired a stake in Insiders, alongside Wild Bunch and Cine France. The company launched the Yoozoo Bliss Film Fund (YZBFF), a $100 million equity fund designed to finance 10 international productions and Chinese co-productions over five years.
Bliss Media is developing S.M.A.R.T Chase: Fire and Earth and Michael Mann’s Enzo Ferrari. The company financed and executive produced Pablo Larraín’s Jackie starring Natalie Portman and acquired the Chinese distribution rights to Mel Gibson’s Hacksaw Ridge starring Andrew Garfield.
CODI Capital Group is one of the top comprehensive financial services in China. It has been focusing on capital investment for nearly 20 years.