Filmrise Raises $25 Million in Acquisitions Funds
By: Caryn Robbins
FilmRise announced today that it has raised a cumulative total of $25 million to finance the acquisition and licensing of film and TV titles for all distribution channels, with a focus on web, mobile and emerging digital platforms. The Brooklyn-based film and TV distributor, which saw remarkable growth in the last year and is now one of the leading independent distributors to digital media platforms, has partnered with private investment firm Harlan Capital Partners LLC as it accelerates its acquisition of licenses and content to further enhance its industry footprint.
FilmRise's recent signature acquisitions include "Janis: Little Girl Blue," from Oscar®-nominated filmmaker Amy Berg and Oscar®-winning producer Alex Gibney; the Cannes-selected documentary "Steve McQueen: The Man & Le Mans"; and the highest-grossing film in Chinese box office history, "Monster Hunt." Other titles include the multiple Emmy®-winning "Going Clear," as well as the extensive libraries of genre studio Troma Entertainment (the "Toxic Avenger" series) and LGBT-themed distributor Water Bearer Films (the films of Pier Paolo Pasolini). Harlan Capital, a New York-based investment firm founded by Josh Harlan that focuses on intellectual property and other types of uncorrelated investments, joins FilmRise's funds as lead investor. "With deep industry knowledge and experience, Harlan Capital understands how FilmRise's web-focused DNA has positioned the company to thrive across the new landscape of digital distribution," said FilmRise CEO Danny Fisher. "They are bringing best practices and great resources to the table and we are looking forward to working closely with Josh and his team for years to come.""Danny Fisher and FilmRise are doing groundbreaking work in a very dynamic, fast-changing industry that is quickly transforming into a digital-based environment," said Josh Harlan, Founder and Managing Partner of Harlan Capital. "FilmRise's track record is impressive and speaks for itself - we are excited to partner with the company and help it grow into an innovative, new-era digital distribution powerhouse."
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