Kaleidoscope Home Entertainment

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Kaleidoscope today announces major new investment from Schneider Media Investments (SMI). SMI has committed to a significant funding package, in return for a minority stake in the business. The investment from SMI will be available immediately, and will enable Kaleidoscope to best exploit the frequent opportunities it is presented with, both in the UK and internationally.

With the new funding, Kaleidoscope will seek to broaden its acquisition strategy into more commercial genre feature films, higher profile television and theatrical documentaries and global production, sales, distribution and investment opportunities.

Spencer Pollard, CEO of Kaleidoscope said: “I am thrilled to have brought SMI in as partners to help continue Kaleidoscope’s growth. Over the last five years we have been very much an organic business and continued to try to innovate and buck market trends. We have had various proposals to discuss over the last few months, which hopefully was a sign of the good work we have been doing but we felt 100% that SMI were the right people to go into business with. It should be an exciting Berlin and Cannes as we look to add to our already solid 2014 slate. I look forward to a long and exciting working relationship with SMI.”

SMI is headed by city executive Sonny Schneider of the Schneider Group, founded in 1996, focusing on trading, broking, debt finance and early stage venture capital. Sonny added: “We are very pleased to be partnering with Kaleidoscope in this deal. We believe that this bringing together of our knowledge and abilities in financing with Kaleidoscope’s considerable expertise in the selection, promotion, sales and distribution of quality films and related content will result in an exciting and bright future for both parties.”

I've found them to be more miss than hit to be honest, but let's hope this means some good acquisitions and better releases.