India, June 15 -- CineNow Ltd, a British Virgin Islands-registered company, is in the process of closing a Rs 1,350 crore fund with commitments from overseas investors and family offices to finance films in India.

Most of the commitments have come for this close-ended fund with a tenure of 6 years, CineNow founder director Rohit Dalmia said.

"CineNow is building a new category at the intersection of finance, entertainment and technology by transforming film intellectual property (IP) into a structured, investable asset. At its core is a Secured Participation Fund that provides exposure to a curated slate of films rather than a single title, with capital backed by enforceable rights across OTT, satellite, music and ancillary revenues," h...