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
Managing editor with realscreen publication, an international print and online magazine that covers the non-fiction film and television industries. Darah is an award-winning journalist who has spent over two decades covering a wide range of issues from real estate and urban development to immigration, politics and human rights, primarily with The Vancouver Sun. Prior to joining realscreen, she was editor of Stream Daily, realscreen's sister publication covering the dynamic global digital video industry. She also served a stint as a war reporter in Afghanistan for television and print, and was a national business blogger with Yahoo Canada.

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