TV

Investment firm and Fashion One ink $14 million financing deal

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.
September 8, 2010

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.

About The Author
Selina Chignall joins the realscreen team as a staff writer. Prior to working with rs, she covered lobbying activity at Hill Times Publishing. She also spent a year covering the Hill as a journalist with iPolitics. Her beat focused on youth, education, democratic reform, innovation and infrastructure. She holds a Master of Arts in Journalism from Western University and a Honours Bachelor of Arts from the University of Toronto.

Menu

Search