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This probably won’t help the majority of true independent films, but The Weinstein Company announced on Monday that they are partnering with Icon UK Group to launch a new film finance and production fund to buy or produce films with budgets between $5 million and $20 million.

The Weinstein Co., run by brothers Bob and Harvey Weinstein, will handle U.S. distribution, while Icon UK will handle distribution in Britain. Other territories would be split between the two.

source: Indiewire , Forbes

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