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Arts Alliance Joins Warner Bros. in Films Investment

UK Internet investment company Arts Alliance has joined with Warner Brothers to provide funding for AtomFilms, a company that plans to distribute films via new media channels including the Internet.

AtomFilms was launched earlier this year and has already acquired the rights to over 100 short films which it intends to market via Internet sites, broadband services, television, airlines and home entertainment companies.

Besides Warner Bros. Online, other investors include WaterView Partners and officers and employees of Allen & Company.

"For filmmakers, typically left out of mainstream entertainment circuits, AtomFilms presents them with an incredible opportunity to showcase their work in front of audiences around the globe and in various media, from television and cable networks to airlines and the Internet," commented Frank Biondi, Jr., one of the WaterView Partners and chairman and CEO of Biondi Reiss Capital Management.

The AtomFilms Web site is already a busy destination for people who want to see short films via the Internet. AtomFilms the company has offices in Seattle, Los Angeles, and London.