E.U. Equity Tool MediaInvest Inks First Four Deals, Aiming to Inject $530 Million in Europe’s Audiovisual, Creative Companies, Projects
variety.comMediaInvest, a new E.U. equity tool managed by the European Investment Fund, which targets the audiovisual industry with €400 million ($424 million) over 2022-27, has made its first deals: An equity agreement with France’s Logical Content Ventures, part of Logical Pictures, and three debt financing agreements, with Spain’s Cersa and Crea and Luxembourg-based The Archers.
Announced Sunday at the San Sebastian Film Festival following on a Spain-hosted E.U. Conference, the agreements are worth a total of €68.25 million ($72.35 million).
They are expected to leverage around €500 million ($530 million) of new financing for audiovisual and creative companies and projects, the European Commission, the E.U.’s executive arm, confirmed Monday.
MediaInvest “provides a response to one of the pressing challenges in Europe for audiovisual companies: the lack of access to finance.
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