F.Y.I.

Aussie films and TV get extra $10 million from Media Super

April 30, 2013 11:28

Superannuation company Media Super has increased its investment in local films by $10 million.

The announcement:

Media Super has announced an increase to its investment in local film and TV production from $20 million to $30 million following a review of performance by the Fund’s Investment Committee. Since 2010 the Fund has provided a cashflow loan facility to help finance domestic film and TV productions via a partnership with Fulcrum Media Finance.

“This alternative investment has earned members an approximate overall 8% p.a. return since inception and 8.8% in the last financial year. The decision to increase our funding by 50% is a reflection of the ongoing confidence we have in the benefits of this unique financing model”, CEO Graeme Russell said.

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