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£700,000 stake hope in Dylan film £700,000 stake hope in Dylan film
(20 minutes later)
As the red carpet is rolled out for the Welsh premiere of the new Dylan Thomas biopic, the assembly government has revealed it has a stake in the film.As the red carpet is rolled out for the Welsh premiere of the new Dylan Thomas biopic, the assembly government has revealed it has a stake in the film.
The body will have its own windfall if The Edge of Love becomes a blockbuster, after investing £700,000 in the movie.The body will have its own windfall if The Edge of Love becomes a blockbuster, after investing £700,000 in the movie.
The money came from its Wales Creative IP Fund, set up to help boost the Welsh media industry.The money came from its Wales Creative IP Fund, set up to help boost the Welsh media industry.
The £8.5m film, which opens across the UK next week, stars Keira Knightley, Sienna Miller and Matthew Rhys.The £8.5m film, which opens across the UK next week, stars Keira Knightley, Sienna Miller and Matthew Rhys.
As a partner, along with the BBC, the assembly government can expect a slice of profits from ticket and DVD sales.As a partner, along with the BBC, the assembly government can expect a slice of profits from ticket and DVD sales.
Officials said the deal also ensured the production earned the economy of west Wales more than £1m when the film's stars spent three weeks last summer on location in New Quay. Officials said the deal also ensured the production earned the economy of west Wales more than £1m when the film's stars spent three weeks last summer on location in New Quay, Ceredigion.
"The investment is the largest by the Wales Creative IP fund to date and builds upon Wales' growing reputation for the creative industries," said Economy Minister, Ieuan Wyn Jones. The fund has invested £6m in 17 productions since May 2005, but this the largest sum to date and "builds upon Wales' growing reputation for the creative industries," according to Economy Minister, Ieuan Wyn Jones.
"We will continue to promote Wales as an ideal location to produce, develop and film world class productions." He added: "We will continue to promote Wales as an ideal location to produce, develop and film world class productions."
The Creative IP fund has now been used to invest in several films, and even a video game for the Microsoft Xbox 360 console. FILMS BACKED Flick starring Faye Dunaway, shot in WalesHunger, post-production in WalesBig Nothing starring David Schwimmer, shot in CardiffIn Prison My Whole Life, directed by Marc EvansNightwatching directed by Peter Greenaway, filmed in Llandeilo, CarmarthenshireAbraham's Point starring McKenzie Crook, filmed in WalesWelsh Creative IP Fund supported films, source Finance Wales
Red carpet The fund has also been used to support a forthcoming video game for the Microsoft Xbox 360 console.
But all the attention will be on the red carpet on Friday as The Edge of Love has its first screening in Wales for a specially-invited audience at the Vue Cinema in Swansea.But all the attention will be on the red carpet on Friday as The Edge of Love has its first screening in Wales for a specially-invited audience at the Vue Cinema in Swansea.
Assembly government funding ensured £1m was spent in west Wales
Welsh Hollywood-based actor Matthew Rhys, who plays the poet in the film, will be the top attraction.Welsh Hollywood-based actor Matthew Rhys, who plays the poet in the film, will be the top attraction.
He stars alongside Keira Knightley and Sienna Miller, as the movie tells the story of Caitlin Thomas and Vera Killick, and their relationship with the poet.He stars alongside Keira Knightley and Sienna Miller, as the movie tells the story of Caitlin Thomas and Vera Killick, and their relationship with the poet.
Rhys will also be officially launching an exhibition dedicated to The Edge of Love at the city's Dylan Thomas Centre, featuring costumes, storyboards, graphics and props from the film.Rhys will also be officially launching an exhibition dedicated to The Edge of Love at the city's Dylan Thomas Centre, featuring costumes, storyboards, graphics and props from the film.
Cllr Graham Thomas, the city's cabinet member for culture, added: "We're delighted to be able to welcome Matthew Rhys to Swansea for the Welsh premiere of this much anticipated movie about one of the city's most famous sons.Cllr Graham Thomas, the city's cabinet member for culture, added: "We're delighted to be able to welcome Matthew Rhys to Swansea for the Welsh premiere of this much anticipated movie about one of the city's most famous sons.
"It's also terrific that people will be able to exclusively see memorabilia from a major movie right her on their own doorstep.""It's also terrific that people will be able to exclusively see memorabilia from a major movie right her on their own doorstep."
The Edge of Love is set for its UK-wide cinema release on 27 June.The Edge of Love is set for its UK-wide cinema release on 27 June.