Larrikin Entertainment, the media production company founded last year by former Dune Entertainment Chairman Greg Coote and private equity executive David Calvert-Jones has announced the formation of Catalina Capital, a $50 million film finance fund.
The Weinstein Company is enjoining and assuming a first look position, providing Catalina with a first look option on domestic distribution and international sales. The fund’s first project has been identified and is currently in development, though details are being kept under wraps for now.
Catalina Capital will be a financier to both studio and independent product intended for worldwide audiences.
Former Silicon Valley Banker and well known venture capital expert Larry Lopez will lead the company’s finance division and be responsible for raising the capital with bases in California’s Silicon Valley and the center of Australia’s vast mining industry in Perth, Western Australia.
“There is a need in the marketplace for a well-informed, independent fund. With the tremendous expertise that the Weinstein Company brings to the table, I predict a bright and profitable future for the Catalina Capital Fund,” said Coote.
“Having Harvey Weinstein on Catalina Capital’s greenlight committee, along with the power and weight of the Weinstein Company, immediately allows the fund to jumpstart its portfolio of films in a positive direction for all investors,” added Calvert-Jones.
“Having known Greg for nearly 30 years, I’m pleased to provide the Catalina Capital Fund with access to the Weinstein Company’s worldwide leadership in the film business, along with my personal expertise in reviewing the projects that are analyzed by its green light committee,” said TWC’s Harvey Weinstein.
Larrikin Entertainment is a media company based in Los Angeles that produces and finances theatrical motion pictures, television and digital entertainment content.