Oxford Capital Media EIS will invest in film sales agent businesses.
Targeting up to 1.2x plus EIS tax reliefs, with opportunity to invest in this tax year.
Specialist investment manager Oxford Capital has named Quickfire Entertainment (‘Quickfire’) as a strategic partner for its new EIS fund, the Oxford Capital Media EIS.
Quickfire, a London-based film sales agency, has a wealth of intelligence on the international film sales market and has been involved with films across a number of geographies and genres – including Pitch Perfect, My Big Fat Greek Wedding 2, The Cove, I am Love and Welcome to the Punch.
Run by James Atherton and Jan Pace, both experienced film sales agents, the company’s films have secured 74 industry awards, including one Oscar (Best Documentary, The Cove).
“We are delighted to be working with Quickfire on these investments”, said Andrew Sherlock, Partner at Oxford Capital.
“Their track record in the film industry is impressive, and we believe our investee companies will benefit from Quickfire’s established network of directors, producers, distributors and film financiers”
The first tranche of the Oxford Capital Media EIS will be investing in companies which trade as film sales agents. Using this model, the companies can make a positive return even from productions that underperform, as well as enjoying increased returns from films that are commercially successful.
This gives the Oxford Capital offer a distinct risk profile when compared to other film EIS offers, many of which are reliant on box office success to generate positive returns for investors.
Quickfire will support the investee companies through the process of sourcing and selecting suitable films and monitoring the production process.
“Oxford Capital is one of the best-known and most respected names in the EIS market”, said James Atherton, CEO of Quickfire.
“We are pleased to be working with Oxford Capital to offer investors a slightly different type of EIS media opportunity.”
Oxford Capital has two companies lined up for investment, both of which have recently obtained Advance Assurance of EIS qualification from HMRC. This gives the Oxford Capital Media EIS an initial capacity of £10m.