Film company pays debt but still faces High Court drama

Octagon Films, the Wicklow-based production company behind dramas like Love/Hate and The Borgias, has repaid all of the start-up money advanced to it by a German investor 15 years ago.

Octagon has been involved in a shareholders’ row in the High Court over the past 12 months with the investor, Berlin-based W2 Filmproduktion und Vertriebs.

The €317,499 advanced by W2, gave it a 49% share of Octagon and a note attached to newly-filed accounts for the Wicklow company said that the money was fully paid as of the end of September last year.