New Fund Launched to Tap Growing Demand for Content
- On November 20, 2017
- By GrowthInvest Admin
£15m Sought to develop IP for the Fast Growing Media and Entertainment Sector
A new fund that aims to invest in EIS-qualifying companies in the media and entertainment industries has been launched by Atlantic Screen Media Limited. Atlantic are seeking to raise £15m in the current tax year for identified projects. Demand for content in film and television worldwide is growing exponentially as consumers move to watching TV and film on their mobile devices in increasing numbers. Streaming video devices and smartphones are fast becoming the channel of choice for both old and new generations of customers. This, added to the range of delivery mediums such as Netflix, Amazon, Hulu and all the iPlayer hubs, is creating a huge demand for content with the market due to double in size between now and 2022 (according to PWC Media and Entertainment review 2017). The Atlantic Screen Media Fund is seeking investors to create Media IP, and to develop content to meet this demand.
Initially, the Fund will focus on three clear segments – producing Music Scores for Film and Television, creating Comic Book IP’s and developing TV series – all areas that the management team believe have great potential for growth in the medium term. Investment funds will be used to subscribe for shares in companies operating predominantly in these segments of the industry.
We are delighted that the Atlantic Screen Media Fund will shortly be available on our platform!
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