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02 Mar 2006
Invicta Capital, the film financier which raised money from investors to finance the screen version of the Da Vinci Code, has reassured backers that money given to the film’s producer does still qualify for tax breaks under existing UK legislation, The Times reported.
The response came as copyright action taken against Da Vinci code author, Dan Brown, in the High Court threatened to halt distribution of the film.
Invicta Capital, on behalf of private investors, has raised £100m for Sony Pictures, the producer of the film, which has a total budget of £114m.
As the film was partially shot in the UK, it qualifies for the outgoing regime of tax breaks, which are gradually being phased out by Gordon Brown.
‘There's no way that this film won't qualify, even if there would be an issue with the release of the film,’ said Mohammed Yusuf, chairman and chief executive of Invicta. 'It's shot in Britain, it will be complete by April 5 and it is intended for theatrical release.'
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Briefings
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