Media investment specialist Goldfinch Entertainment has successfully exited its flagship EIS vehicle Goldfinch Pictures, a sales and distribution company that provides sales and distribution services and sales advances for UK Film and TV investment.
Goldfinch said in a statement that it returned 23% to original Goldfinch investors, following the successful exit of the Goldfinch Pictures Limited EIS. Goldfinch Pictures invested in a number of notable hits in recent years, including:
- Le Mans: Racing is Everything: is a ground-breaking cinema documentary about the 24-hour epic French motor race, filmed with unprecedented access to six of the teams competing for glory. Originally shot as a film, the project was sold to Amazon and re-cut into an ‘Original’ branded TV series on the Prime platform. The feature-length film also received a theatrical release through VUE cinemas;
- You Can Tutu: is the directorial debut of James Brown, producer of multi award-winning ‘Still Alice’. The film is the story of 11-year-old Tutu, a gifted dancer who struggles to fit into her new town and her strict new ballet class. A heart-warming family film about one girl’s dream of dancing in the lead, and the realisation that the only way to do this is by believing that you can. Goldfinch secured a deal with the Sky Store to release it in the UK, whilst also releasing it online through Apple and Amazon;
- Hector: A film starring the award-winning Peter Mullan, covering the story of Hector, a homeless man who embarks on a road trip across the UK. A portrait of an invisible man and an authentic account of homelessness within contemporary Britain, Hector is a powerful character study and a brutally honest account of homelessness. After a successful film festival run, the film was released in cinemas throughout England, Scotland, and France; resulting in a deal for the film to be sold to Netflix and British Airways.
Alongside these successes Goldfinch has participated in a variety of award-winning films, including James Erskine’s ‘Building Jerusalem’; ‘Mad to be Normal’ starring David Tennant; ‘Hector’ with Peter Mullan; ‘Burn, Burn, Burn’ starring Laura Carmichael; ‘My Feral Heart’ with Steven Brandon; ‘Adult Life Skills’ starring Jodie Whittaker, ‘The Carer’ starring Brian Cox, ‘Solis’ starring Steven Ogg, and ‘That Good Night’ starring Sir John Hurt and Charles Dance.
MD and Founder at Goldfinch Kirsty Bell said: “Starting four years we began with the vision of bringing business principals, transparency and use vanilla structures to the film and media industry, to show that you can make money from investing in this asset class. Now we are very proud to say we have proven a point and will continue to do so in a new and exciting world of film and media investment and opportunities.’
“Creating and selling a film, TV show or video game is an immensely difficult job requiring an array of skills and people. The support and infrastructure we can offer via Goldfinch is incredibly well received, and required, in order to efficiently and profitably produce high-quality productions that make money.
“The media industry is one of the biggest drivers of the UK economy and we are seen to be one of the global leaders in the sector. As a successful and savvy investor, we take control of the business cycle to retain control from script to sale. Our approach reduces fees and risk, the success of which can be seen from our initial exit of the Goldfinch Pictures Limited EIS. We view this approach as the gold standard in media investment.”