Joint venture between IM Global (@imglobalfilm) and Canana (@CANANApresenta) will finance, sell Latin American movies

28/11/2012 at 5:42 pm Leave a comment


Creating a powerful new Latin American player, Hollywood’s IM Global and Mexico and L.A.’s Canana, headed by Gael Garcia Bernal, Diego Luna and Pablo Cruz, are teaming to launch Mundial.
The Mexico City-based joint venture will focus on the financing and worldwide sales of Latin American movies, IM Global CEO Stuart Ford, Cruz and Canana CEO Julian Levy announced Tuesday.
Run by Canana VP Cristina Garza, its former distribution head, Mundial will rep 8-10 titles a year, sourced from all over Latin America, including Canana productions.
The new venture launches with three Canana titles:
“Paradise,” Mariana Chenillo‘s comedic love story follow-up to debut “Nora’s Will,” an awards and sales hit; “Manto acuifero,” the second pic from Michael Rowe, whose “Leap Year” won Cannes Camera d’Or in 2010; and “Mr. Pig,” Diego Luna‘s second English-language film as a director.
“Mr. Pig” is currently in development for late 2013 production.
Ford, Cruz, Levin and Jonathan Deckter, IM Global president of international sales and distribution, will serve on Mundial’s executive board.
Most sales companies shopping Latin American pic are boutique operations or based out of Europe.
In contrast, Mundial combines Canana’s “very strong filmmaker relationships, local credibility and filmmaking prowess with the infrastructure, know-how, market presence and leverage of one of the industry’s biggest foreign sales companies,” Ford said.
“The result is hopefully a filmmaker-driven company but with a more muscular sales and collections capability than the boutique operations that typically handle Latin American fare.”
“Latin America is a booming new territory, but it hasn’t really been looked after,” said Cruz.
“There are incredible filmmakers. But very few sales agents are really close to them, understand their financing and distribution problems and especially their feeling of being so far away.”
Deckter and Garza will attend Ventana Sur, which kicks off Friday, to introduce Mundial. Its official launch will be at Berlin, where it will sell on its first slate.
IM Global has financed or co-financed 14 films in the last two-and-a-half years, including Open Road’s “A Haunted House,” Warner Bros’ “Bullet to the Head” and Film District’s “Dead Man Down.” It created pan-Asian distrib co Aspara Distribution in 2011.
Created in 2005, Canana’s 20-plus film credits include Luna’s fiction debut “Abel” and first English-language film, “Chavez,” plus Focus Features’ “Sin nombre” and “Miss Bala,” sold by Fox Intl. Productions.

By John Hopewell, Anna Marie De La Fuente for Variety

Entry filed under: INDUSTRY NEWS. Tags: , , , , .

Registration for Cinélatino – XXV Rencontres de Toulouse @cinelatinofest are open till Monday December the 17th 2013 Sundance Film Festival Announces Films 2013 (list of Latin American Films)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Follow us in FB

Twitter Latam Film

Error: Twitter did not respond. Please wait a few minutes and refresh this page.

Follow us

Latin America Film Ltd on LinkedIn

RSS deleFOCO Articles

  • An error has occurred; the feed is probably down. Try again later.

Enter your email address to subscribe to our blog and receive notifications of new posts by email.

Join 9,606 other followers


%d bloggers like this: