Millions of reasons to ThinkFilm

Millions of more reasons today to believe that there is room in the distribution landscape for some more major minor players. ThinkFilm has received an eight-figure private placement investment from Canadian-based investment funds, Covington Capital Corp. and Dynamic Venture Opportunities Fund, through a deal brokered by John Grant of Royal Bank of Canada Capital Markets (see Variety article).

Launched at the 2001 Toronto Film Festival, ThinkFilm has scored some hits distributing such small fare as "The Dangerous Lives of Alter Boys" and last years docu breakout "Spellbound." It is currently distributing the well-received "Bright Young Things." The capital should aid ThinkFilm in acquiring more product and having deeper pockets for distribution efforts.

Covington Capital is a venture capital investment firm with combined assets of approximately $465 million under management, including a media and entertainment investment in Alliance Atlantis. Its other entertainment investments tend to be in more location-based entertainment companies.

Dynamic Venture is a "labour-sponsored venture capital corporation" -- a tax-advantaged investment vehicle for Canadian investors.