Separately, Par is expected to again access German film fund specialist ALCAS
to launch a new Munich Film Partners Fund.
Private investment funds: ALCAS
, Apollo Media, Cinerenta, CP Medien, Hollywood Partners Management, IMF (Internationale Medien und Film), MBP (Medien Beteiligungs und Produktionsgesellschaft)
Paramount Pictures and German film fund ALCAS are pairing to raise some $280 million to finance four Par pics -- "I Was Made to Love Her," directed by Chris and Paul Weitz; "Hardball," starring Keanu Reeves and Diane Lane; "Shooter," to be directed by William Friedkin; and the Mutual Film Co.
ALCAS, a subsidiary of KGAL Leasing that is backed by HypoVereinsbank, will offer private German investors the opportunity to participate in a tax shelter scheme that will generate DM590 million ($283 million) to back the film projects while offsetting their tax bills.