Film4 Productions is a British film production company owned by Channel Four Television Corporation. The company has been responsible for backing many films made in the United Kingdom. The company's first production was Walter, directed by Stephen Frears, which was released in 1982. It is especially known for its gritty, kitchen sink-style films and period dramas. In 1981, producer David Rose left the BBC for Channel 4 where he was appointed the Commissioning Editor for Fiction by Jeremy Isaacs, the channel's founding Chief Executive but became mostly identified with the Film on Four strand. With an initial overall budget of £6 million a year, Channel Four Films was to invest in twenty films annually for Film on Four. The first film backed was Neil Jordan's debut film Angel (1982). The first film shown as part of Film on Four was Stephen Frears's Walter which was screened on 2 November 1982, the launch date of Channel 4. P'tang, Yang, Kipperbang screened the following day was also an early highlight. Originally, the company's films were intended for television screenings alone; the "holdback" system prevented investment in theatrical films by television companies because of the length of time (then three years) before broadcasters could screen them. An agreement soon concluded with the Cinema Exhibitors Association allowed a brief period of cinema exhibition if the budget of the films was below £1.25 million. Channel Four Films struck several deals with other film production companies including the BFI Production Board, Goldcrest Films and Merchant Ivory. By 1984, Channel Four Films were investing in a third of the feature films made in the UK. More information...
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