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While it only invests in films with budgets of under $5 million, Chenal Media took $7 million to develop, coproduce, and distribute them.
The company will use this second round of investment to shift its focus from all media to motion pictures. Chenal Media finances feature projects in the horror, thriller, science fiction, and action genres. It backs completed screenplays with at least one director attachment, completed films that need assistance with distribution, or films seeking a boost to be brought to completion.
Chenal Media is the LA-based media division of the German company Chenal Brands. It expanded into film entertainment in 2011 and puts in up to half of a film’s total cost. After seeing strong traction, the company recently began developing its own content as well.
This funding came from iHaniel and private investors.
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