Quebec fund invests $5M in Remstar Capital Partners

The Quebec Cultural Capital Fund invests to develop companies in the Quebec cultural industry, including indie film and TV companies.
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The Quebec Culture Capital Fund is to invest $5 million in a new movie and TV financing fund, Remstar Capital Partners LP.

The provincial fund invests to develop companies in the Quebec cultural industry, including indie film and TV companies.

Remstar Group will also invest an unspecified amount in the fund, bringing the total equity raised to $20 million between Remstar Capital Partners and Remstar Media Partners.

The new equity comes as Remstar Studios, a Los Angeles-based partnership between Remstar Group and producer Clark Peterson (Kahlil Gribran’s The Prophet), starts to co-finance, develop and produce independent films and TV projects for the North American and international markets.

The programming template for the Remstar Studios will be films in the $10 million budget range, with international stars in lead roles. On the TV side, Peterson will focus on series structured as international coproductions and other foreign financing tools.

The Quebec Culture Capital Fund has a $100 million budget, including $60 million in public investment through SODEC, to back cultural projects, including  film and TV production, cross-platform production, and interactive digital and video game production.