Harvest, Sun Redrock launch $800 mil film fund

LONDON -- Chinese investment companies Harvest Alternative Investment Group and Sun Redrock Investment Group have joined forces to form a media fund targeted to raise $800 million of capital. The fund, dubbed Harvest Seven Stars Media Fund, aims to invest in filmed entertainment and cinema. It will invest in three distinct areas: mergers and acquisitions, marketing and distribution, and content. Investment focus will be aimed primarily at English-language Chinese co-productions. The fund, now one of China's largest media funds, is negotiating filmmaker deals, three of which are expected to be announced in the next 30 days. More to follow... Contact Diana Lodderhose at diana.lodderhose@variety.com