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Movie-makers win backing for film on life of punk; In association with RBS.

AN independent film-making company has been handed a cash boost to help fund a new US-style micro studio and support work including a new documentary that explores the death of notorious punk groupie Nancy Spungen.

Newcastle-based Ipso Facto Films has secured an equity investment of pounds 100,000 from the North-East Equity Matching Fund (NEEMF) ran by business investment group Entrust as well as a further pounds 100,000 from London-based post-production company Molinare.

The cash will go towards Ipso Facto's micro studio Moxie Makers, which will now finance, produce and distribute four micro-budget features per year.

With the help of the investment, Moxie Makers will also be able to start filming Who Killed Nancy, a documentary which explores the events that led to the death of Nancy Spungen, girlfriend of the notorious Sex Pistols' bassist, Sid Vicious.

Ipso Facto Films founder and managing director Christine Alderson said: "For too many years talented filmmakers with engaging stories and fresh, distinctive voices have had to fight with public and private financiers to get the opportunity to have their first feature film made. This investment through NEEMF will allow us to change this.

"Entrust was excited by our business concept and saw the benefits Moxie Makers will bring to the region's film industry. It recognised our vision to develop a cutting-edge and unique company that will provide opportunities for budding filmmakers whose films may not otherwise be realised."

Founded in 1993, Ipso Facto Films has produced 11 feature films, along with more than 50 short films and documentaries.

It is based in Ipso Facto's offices in the Pink Lane Business Centre, in central Newcastle.

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CASH BOOST: Ipso Facto Films managing director Christine Alderson with Roy Parsonage of North-East Equity Matching Fund, which has just helped support the business with a pounds 100,000 investment to go towards a new studio and documentary film.
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Publication:The Journal (Newcastle, England)
Date:Jan 28, 2008
Words:313
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