New fund aims to boost 3D films in China
Triumphant looking to raise $17 million to back three-pic slate
HONG KONG — Hoping to offer investors a chance to help slake China’s thirst for 3D in the wake of “Avatar,” an investment banker-turned-producer has joined two Hong Kong movie veterans to open a pair of film funds at Filmart 2010.
Triumphant Film Funds will attempt to raise $17 million before the Cannes Film Festival in May to back a three-picture slate of martial arts action films and 3D sci-fi films aimed at investors interested in China’s film market — where boxoffice jumped 43% last year.
“Hollywood-quality 3D at Asian prices is our goal,” said ex-Lehman Brothers trader Guy Orlebar, who will try to tap his investment industry contacts to raise the funds while his film veteran partners ensure they are spent wis
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