Forget the Soficas sponsored by the State with lots of tax advantages and, despite this, not very profitable. Freed from the investment constraints specific to these vehicles, the Logical Content Ventures fund, created by the company Logical Pictures in 2022, aims to finance films and series in line with market expectations. Which does not prevent him from supporting the first films of promising directors. Building on a successful first vintage, the company is targeting a profitability rate of 12 to 14%.
In partnership with Pathé
In practice, it is a fund closed until 2031, registered with the Financial Markets Authority and accessible from 100,000 euros. The company intends to finance 100 to 150 carefully chosen projects. Half will be selected directly by the Logical Pictures teams and the other half will consist of co-investments in Pathé’s film portfolio. At the end of the product’s life, the catalog will be sold and the profits redistributed to the holders.
“The European Investment Fund trusts us since it has put 25 million euros into our fund to support the European ecosystem,” says Frédéric Fiore, the company’s president. Thanks to the numerous subsidies this sector of activity benefits from, the risk profile of this product is reasonable. “Our ticket amounts to 25% of the financing, which entitles us to 100% of the revenue,” continues Frédéric Fiore. A comfortable shock absorber.