Fashion One and Hong Kong investment firm Bigfoot Ventures Ltd. have inked a financing deal worth $14 million that will allow the Los Angeles-based fashion entertainment channel to boost its slate of in-house productions, such as reality show Screen Test, add more satellites in Africa and Latin America and upgrade to high-definition. Bigfoot Ventures has named Edward Bien, the head of its U.S. equity investment portfolio, as a board member for the broadcaster. Prior, he was investment manager for the company’s broadcast/media portfolio in Hong Kong. ‘But beyond distribution, it gives us the freedom to invest more into high-end content productions such as fashion-related casting and reality shows, which have proven to be very popular,’ Fashion One CEO Eric Klein said in a statement.
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