![]() ![]() Image Credit: Chelsea Lauren/WireImage Courtesy of SubjectĬolvin and Korn head Comerica's Hollywood lending arm, which financed Roland Emmerich's Midway for Stuart Ford's AGC Studios and funds some of the independent film industry's biggest players, including A24 and Avi Lerner's Millennium Films. As long as we still have money, we're going to keep rolling the dice." "I go with my gut instinct," says the France-born exec, whose backing comes from private investors. Nearly 15 years after launching Voltage, with more than 180 films under his belt (including this year's indie success After, which has grossed $50 million to date worldwide), Chartier still doesn't believe in finance plans. ![]() Image Credit: Vittorio Zunino Celotto/Getty Images "It's not about what budget works - a $50 million film like Reminiscence or an under-$10 million project like Promising Young Woman each sold well," says Basner. for the upcoming sci-fi thriller Reminiscence and delighted international buyers with Three Thousand Years of Longing, Mad Max director George Miller's return to indie filmmaking. ![]() In recent months, FilmNation inked a $13 million deal with Amazon for Mindy Kaling's Late Night, signed a pact with Warner Bros. veteran Basner, negotiating the rapidly shifting indie film market as a producer-financier, it's all about matching projects to budgets to distribution partners. Benett/Getty Imagesįor Focus Features and Weinstein Co. Additionally, Spyglass is heading into Cannes armed with the TWC library and Lantern, Warners, foreign distributor Eagle Pictures and exhibition chain Cineworld Group as investors. The Century City production company just announced a reboot of horror feature Hellraiser with David S. "The global marketplace is rapidly evolving with commercially appealing premium content in high demand," notes Barber. In April, the newly minted outfit secured investment from Warner Bros., as well as a first-look arrangement. In March, the former MGM Studios chief's Spyglass Media partnered with Lantern Entertainment, taking control of the film and TV assets that were acquired in the 2018 Weinstein Company bankruptcy, forming Spyglass Media Group. Image Credit: Courtesy of Spyglass Entertainmentīarber had a busy few months. In addition to his company's own films, Allen's Freestyle Releasing banner provides distribution for licensers with their own P&A, a model that saw the Christian drama God's Not Dead collect more than $60 million at the domestic box office. The onetime comic and TV host, who built his fortune in television, is moving forward in 2019 with a 47 Meters Down sequel, the surfing documentary Bethany Hamilton: Unstoppable and animated feature Arctic Dogs. Image Credit: Michael Bezjian/Getty ImagesĪfter Entertainment Studios' first feature release, the shark thriller 47 Meters Down, became 2017's most successful indie with $44 million domestic, Allen expanded into prestige fare with the Christian Bale Western Hostiles and historical drama Chappaquiddick. For the projects that have what it takes to stand out from the crowd, these are the folks who can get those movies made.Īshley Cullins, Mia Galuppo, Natalie Jarvey and Rebecca Keegan contributed to this report. As the global market tightens - and even the Chinese box office has been rocky of late - a budget of just $5 million to $10 million can be a questionable proposition. Many take a portfolio strategy, rolling the dice on a slate of mid-budget features and counting on one big winner to cover the losses of the rest.Īll are united in their focus on making the right movie for the right price. Others act as curators, looking to pick the next Green Book or The Favourite. A few are copying the studios, backing big-budget features - like Men in Black: International or The Joker - for the majors to market and release worldwide. "So we spend more and more time nurturing, curating and evaluating projects to decide what is a proper theatrical film for the current market." The 25 players on THR's annual list of leading indie film financiers each has his or her own strategy for dealing with such high stakes. "The risk to us if we miss the mark is higher than ever," says Glen Basner of FilmNation. In a global film landscape dominated by tentpoles, the need for risk takers in the indie space has never been greater. For anyone putting money into independent film these days, the question is: How do you compete with the Avengers? ![]()
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