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.