EVN to co-produce new film
June 19 2007 - 9:29AM
UK Regulatory
RNS Number:6346Y
Europe Vision PLC
19 June 2007
Europe Vision plc
(The 'Company')
Europe Vision to co-produce religious epic
Europe Vision, the AIM listed studio-to-screen European media company, announces
that it will be co-producing a major new motion picture involving financing and
expertise from Hollywood, Morocco, the United Kingdom and the United Arab
Emirates.
The film is called "The Message" and will tell the story of Islam. The producer,
Castro Khatib, has secured conditional financing commitments to ensure a
projected budget of Euro138m. The film will be produced in Morocco at the MFC
studios in Marrakech which is managed by Europe Vision and in which it has an
11pc interest. The Company will receive a co-producer fee of Euro3m payable during
shooting.
Commenting on the announcement Europe Vision's Chairman, David Lowe, said: "We
are delighted to be co-producing this important film of enormous current
interest. The deal will deliver key content to the distribution network we are
assembling. The Message will be one of four films that the Morocco Film City
development will facilitate in the next 12 months. Part of our management deal
is that we receive Scandinavian rights without charge for all of these films
including The Message."
"This is the first film to have been developed under the co-funding agreement
with EuropeInvestment A/S, (formerly known as Live Network Holdings) that the
Company announced on 17 April 2007 (other projects, like Sebastian's Love,
continue in development).
The enormous success of Mel Gibson's 'The Passion of the Christ' (over Euro500m
worldwide) shows that there is a market across all cultures and religions for
such subject matters."
Castro Khatib said: "This is a major 'event' project. The financial backing from
all denominations of investors in Europe and the UAE means that we can approach
the very best Hollywood talent. Right now we are targeting the likes of Academy
Award winner, Martin Scorsese, to work with us on the script and casting. We
will start shooting in Morocco and the UAE next spring."
- Ends -
Enquiries:
Europe Vision plc
David Lowe, Chairman
Bell Pottinger Corporate and Financial
Olly Scott 078 1234 5205
Notes
1. Castro Khatib is Managing Director of Aladdin Investments which now owns
31.58pc of the Company.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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