Three years after unveiling a $20 million venture capital fund aimed at strengthening film and television series, Chile-based Screen Capital has introduced a second investment fund, Screen II, which will support projects in the entertainment field digital: Video games, Virtual Reality, OTT Platforms, Augmented Reality (XR), apps etc.
Screen Capital is co-founded by former Chilean Film Commissioner Joyce Zylberberg and Tatiana Emden, who once headed the Chilean Development Fund, and whose members include Edgar Spielmann, former President and CEO of Fox Networks Group Latin America. main parties.
The Screen II investment fund is backed by a mix of public and private sector investors, the latter led by Mexican producer Alex Garcia of AG Studios, who has invested in a number of film, television, music and technology projects over the years recently
“It was a natural step for me given everything I’ve worked on in the past,” he said Diversity. “The digital space is today and tomorrow matter. The analog world is obsolete and will eventually serve only as a marketing tool for the digital space,” he said.
Screen II begins in March with the objective of investing in an average of 10 companies, Zylberberg said. The new fund has been fueled by reports of record growth in the digital entertainment space.
According to a study by the Interamerican Development Bank, there are approximately 397 million video game players in Latin America and the Caribbean, 80% of which are concentrated in Mexico, Brazil, Argentina, Colombia and Venezuela.
“Our region ranks second with the highest increase in the industry, with an annual growth rate of 13.56% comparable to the increase in data processing services in the United States,” it reads.
The Price Waterhouse Coopers report ‘Global Entertainment & Media Outlook 2018-2022’ forecasts an average annual growth of more than 40% in the field of virtual reality and close to 10% of digital content distributed on streaming platforms.
Meanwhile, Screen I, backed by a group of investors led by NonStop TV president Patricio Rabuffetti and Ralph Haeek, chairman of Screen One’s Investment Committee, has identified companies with proven track records and viable film and television series to back. “We are restarting the fund which was not easy because we were caught by the pandemic at a time when most production stopped,” said Zylberberg Diversity.
Helping to drive the Screen I pipeline is StoryA, an audiovisual content accelerator created by Screen I and Condeco Corp, founded by Angel Zambrano who will participate on January 25 in the Content Americas ‘New Investment Funds in Latin America’ panel with Spielmann and BTF Media Founder. – CEO, Francisco Cordero.
StoryA’s mission is to source and select audiovisual projects, bridging the gap between independent producers and the major players in the industry.
Also joining the slate is Fabula Screen, a strategic alliance between Screen One and the Larrain brothers’ empowered Chilean production company, Fabula, to produce films and series. The first film to be released is “Maquillame Otra Vez,” directed by Guillermo Calderón of Chile for the Mexican market, to be released by exhibition leader Cinepolis in more than 600 screens.
Screen One is also partnering with leading Latin American producers Moises Chiver and Paula Manzanedo to produce “Memory”, a feature film directed by producer-helmer Michel Franco (“New Order”) and starring Jessica Chastain main part.
“We have a strategic fourth line with producers from Argentina, among them NonStop where we will be partnering mainly on the creative side,” said Emden.