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Spier Films invests millions in Triggerfish’s second animated feature
Production and finance company, Spier Films, recently made an investment in Triggerfish Animation Studio’s second animated film, Khumba. Triggerfish CFO Jean-Michel Koenig, revealed to Ventureburn that the investment is in fact a multi-million rand deal.
Koenig also told us that Triggerfish has already raised over R100 million for the two films from local and overseas investors.
Spier has funded a slate of successful films including Master Harold and the Boys, Son of Man and Black Butterflies. This is the first time the company has invested in an animated feature film.
Triggerfish’s first international animated feature, Zambezia, received a R17 million investment from South Africa’s Industrial Development Corporation (IDC) — an amount disclosed by the IDC in its financial results for 2009. Zambezia went on to sell more than two million tickets, raking in over US$16 million at the box office.
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