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Intandem Films, the London-based international film group, has said it is encouraged by the response to the 11 films which it currently has on the sales slate.
It also reported that buyer interest has been strong for the fully financed Killing Hasselhoff, a comedy thriller staring David Hasselhoff. The film, which is being funded by Angelworld Entertainment's Grazeley Film Fund, is expected to be delivered in May 2014.
Robert Mitchell, Chief Executive Officer, said: "Our experienced sales team has done a tremendous job over the first days of the festival. We had expected demand for Killing Hasselhoff to be strong for European territory rights and we have not been disappointed."
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The share price rose 29.41% to 1.10p by 13:30 Tuesday.
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Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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Average UK house price reaches £300,000 for first time, Halifax saysWhile the average house price has topped £300k, regional disparities still remain, Halifax finds.
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Barings Emerging Europe trust bounces back from Russia woesBarings Emerging Europe trust has added the Middle East and Africa to its mandate, delivering a strong recovery, says Max King
