EU’s MediaInvest Makes First Investment In France’s Logical Content Ventures With Landmark $25M Deal
deadline.comThe European Commission and European Investment Fund (EIF) have announced the first investments of its fledgeling MediaInvest equity investment instrument aimed at the audiovisual sector.
The EIF said it had approved an equity investment of up to €25 million into Paris-based fund Logical Content Ventures, in the first transaction of the MediaInvest Instrument.
It said the agreement aims to raise up to €70 million in equity investment in European audiovisual production and distribution companies.
Logical Content Ventures, was launched by the Logical Pictures Group in 2022, initially targeting €100M in fundraising. Its investments to date have included the Alexandre Aja-produced Night of the Hunted, which is scheduled for release in 2023, and the thriller Berlin Nobody, produced by Ridley Scott.
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