Hyde Park brings slate financing to Fox
In a move bolstering Twentieth Century Fox's off-balance sheet financing and building 15 to 20 titles into its domestic slate over the next five years, Hyde Park Entertainment has just closed a co-financing, production and distribution agreement with the studio (see article). Set up similar to New Regency Production's deal with Fox, Hyde Park, under CEO Ashok Amritraj and President Jon Jashni, intends to fully finance projects under $30 million and co-finance those above. Financing will be enhanced by Hyde Park's relationship with Bennett Pozil at Natexis Banques Populaires.
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After launching Hyde Park International, an international sales and acquisitions subsidiary, at this past Cannes (see article), Hyde Park will be able to adequately handle foreign distribution of its projects, as well as pick up titles to distribute through Fox domestically.
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