MoliFilms, the company Foligno founded with Brad Moore and Richard Turner in 2009, has begun advertising for investors for the fund, which has HMRC approval, to invest in films slated for development and production within the next two years.
According to a statement from MoliFilms, the fund plans to raise £2 million and back two or three investments each year. It won’t invest in solely one project, but spread funding across four to six films that have the potential for global audiences.
The statement adds that target films will be commercial rather than art house and MoliFilms aims only to partner with well-known film distributors. The minimum investment amount is £20,000 with an upper limit of £500,000 for each person.
Foligno, who has been managing director of London-based post-production company Molinare since 2003, says, ‘Investing in a single project film investment can be risky but equally should that film find global distribution then it can become very lucrative.’
Foligno steps down from leading Molinare in April to focus on the production company.