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This list was compiled by the good folks at Indiewire.  I stare at it and think it must reveal some greater truth.

What does it say about our culture, about what people want to see?  What does it say about the mainstream industry and what they will buy or promote?

Top Grossing Independent Films of the 2000s

1. The Passion of the Christ, 2004 (Newmarket)  $370,274,604
2. My Big Fat Greek Wedding, 2003 (IFC Films)  $241,438,208
3. Juno, 2007 (Fox Searchlight)  $143,395,265
4. Slumdog Millionaire, 2008 (Fox Searchlight)  $141,319,928
5. Crouching Tiger, Hidden Dragon, 2000 (Sony Pictures Classics) $128,078,872
6. Traffic, 2000 (USA) $124,115,725
7. Fahrenheit 9/11, 2004 (Lionsgate) $119,194,771
8. Paranormal Activity, 2009 (Paramount)  $107,753,000
9. Brokeback Mountain, 2005 (Focus Features)  $83,043,761
10. March of the Penguins, 2005 (Warner Independent) $77,437,223
11. Coraline, 2009 (Focus Features)  $75,286,229
12. Sideways, 2004 (Fox Searchlight)  $71,503,593
13. Burn After Reading, 2008 (Focus Features)  $60,355,347
14. Little Miss Sunshine, 2006 (Fox Searchlight)  $59,891,098
15. Hero, 2004 (Miramax) $53,710,019
16. Atonement, 2007 (Focus Features) $50,927,067
17. 28 Days Later, 2003 (Fox Searchlight)  $45,064,915
18. Lost In Translation, 2003 (Focus Features)  $44,585,453
19. Napoleon Dynamite, 2004 (Fox Searchlight)  $44,540,956
20. Precious, 2009 (Lionsgate)  $42,004,270

http://trulyfreefilm.hopeforfilm.com/2010/08/what-do-the-top-grossing-films-of-2000s-reveal.html

11 Aug 2010

David Mamet : Night Talk

Author: admin | Filed under: Inspiration, thefyzz Productions

David Mamet Interview Night Talk

David Mamet summarizes his view on his craft in a very simple statement.

“The whole idea of drama is three things:

  • How wants what from whom?
  • What happens if they don’t get it?
  • Why now?
  • And for the avoidance of doubt:

    “There’s no such thing as character development. All there is, is action”

    He also talks about the Hero’s Journey and how each story is really the same Hero myth. A fascinating piece.

    Enjoy!

    http://thestorydepartment.com/video-david-mamet/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+com%2FkMPH+%28The+Story+Department+-+Test%29

    10 Aug 2010

    U.K. DVD sales rise by 15.7%

    Author: admin | Filed under: thefyzz Consultancy, thefyzz Productions

    LONDON — Sales of new DVDs in Blighty rose by 15.7% in July compared with the same month last year.

    Three million units of recently released DVDs — those released in the past three months — were sold in July, with Universal’s “Nanny McPhee and the Big Bang” taking the top spot with almost 400,000 units sold. Year to date volumes of new release DVDs were up 2.5%.

    “Avatar” was the top-selling title January through June, followed by “The Twilight Saga — New Moon” and “The Hurtlocker.”

    As the school holidays began, demand for kids’ fare rose 14.5% compared with a year ago, led by “Kung Fu Panda — Secrets of the Furious,” which sold 270,000 units in July. “Up” is the biggest-selling children’s title of the year.

    Blu-ray disc sales have continued to rocket and are 80% up to the end of July compared to the same period last year at 6.2 million units.
    Read more: http://www.variety.com/article/VR1118022782.html?categoryid=13&cs=1&nid=2564&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+variety%2Fnews%2Ffilm+%28Variety+-+Film+News%29#ixzz0wDOLFZ66
    Visit Variety.com to become a Variety subscriber.

    My first decision as culture secretary was to abolish ministerial cars, saving £250,000 a year. I wanted to send a signal that the money we spend on culture should go to culture, not ministerial pay or privileges.

    It is in that context that last week I announced the abolition of the UK Film Council and the Museums, Libraries and Archives Council. My department is responsible for an extraordinary 55 quangos, the vast majority with highly paid bosses and costly bureaucracy. But if we are going to face budget cuts I have a duty to ensure that taxpayers’ money is spent where it gets the most bang for its buck. It is simply not acceptable in these times to fund an organisation like the UK Film Council, where no fewer than eight of the top executives are paid more than £100,000.

    Stopping money being spent on a film quango is not the same as stopping money being spent on film. In fact my second decision actually increased the amount of money going into film when I restored the lottery to its original four pillars, increasing the share going to arts (including film) to 20%. This is expected to increase lottery funding for film by around £3m a year.

    Britain is the world’s third-biggest film market, with box office receipts of nearly £1bn last year. We make Hollywood blockbusters – including the two biggest franchises of all, Harry Potter and Bond – as well as creative successes such as Danny Boyle’s Slumdog Millionaire. Less high profile but equally significant is the incredible skills base we have in our world-class facilities sector which includes visual effects and special effects.

    But if the industry is to expand further, we also need to be honest about its failings. Two areas in particular need close attention.

    The first is the chronic difficulties associated with film financing. Lew Grade said of Raise the Titanic that it would have been cheaper to lower the Atlantic. The challenges have not gone away. All too often when British film-makers want to make anything of scale, they end up selling all the intellectual property rights in advance simply to finance production. The result is that when we have a hit, the profits do not go back to the film-maker where they could be used to finance the next production. This is what happened with Slumdog Millionaire, a creative success for Film4 but a financial success for Fox Searchlight.

    We welcome all foreign investment, which is why the film tax credit is staying. Worth at least £100m a year this is no small commitment. But a healthy film industry will also have a strong homegrown element. Our independent television production sector has understood the importance of IP retention and has become the largest exporter of TV formats in the world.

    The second area we need to be honest about is where taxpayers and lottery money is best spent. That is why we want an open debate about, for example, how we fund films of high artistic worth that are unlikely to make it to general release. How do we ensure the public get to see the films they are paying for?

    The other decision I have made is to guarantee the future of the British Film Institute. The role it plays in supporting our cultural heritage and promoting the cultural value of film is crucial. But we want to see them do this more effectively, so are looking to remove some of the red tape around what they do and give them greater operational and artistic freedom.

    Support for film through the lottery and tax credits will continue. But it must be right to address the structural challenges it faces and focus resources on supporting frontline film-makers rather than expensive bureaucracy. We should not accept the relative size of the British film industry as a fait accompli. Rather, we must step up our ambitions and make the UK the best country for nurturing and promoting its homegrown creative talent.

    http://www.guardian.co.uk/business/2010/aug/08/film-council-quangos-cuts-jeremy-hunt

    The Music Industry & Online Piracy by the Numbers

    A worldwide business of over 60 billion dollars per year, the music industry claims to be a huge victim of online piracy. What do the numbers actually say? Find out on our new infographic.

    VIEW CHART HERE:

    Sales agents are finding it increasingly difficult to close pre-sales, as cash-strapped buyers practice a wait-and-see policy.

    by Mike Goodridge – SCREEN DAILY

    A sales agent friend was telling me this week about a situation in which a film’s producer believed his film – as yet unfinished – to be so good that he wanted the agent to cancel a key pre-sale deal. It was worth taking the risk, he thought, to get a better deal once the film was finished.

    The sales agent in question naturally balked. In a market where any pre-sale is a rare occurrence that has the power to trigger other sales or at least interest, the notion of jettisoning an existing deal on the offchance that a better deal could be completed later was lunacy.

    Even if the footage looks promising, buyers these days can afford to wait, or rather they can’t afford to take the risk like they used to. It’s a time when any risk is minimized on both sides. Buyers and sellers both have never been more cautious.

    It’s a bizarre lull in traditional behaviour because the sales game is essentially one of chance and calculated risk. Entertainment banker Adrian Scrope used to say that before a film was made, you were selling “the sizzle and not the steak.” Who knows what the end product will look like, but these elements – script, stars, director, production values, track records, footage – are all the sizzle that sets buyers’ pulses racing.

    But these days, buyers are less manipulable and fully aware that a skillfully cut promo with rousing temp score and action shots does not necessarily mean the film will deliver.

    Screen finally reviewed Menno Meyjes’ Manolete this week after it opened in Paris. The 2007 production from Spain’s Lolafilms features a pair of Oscar winners — Adrien Brody and Penelope Cruz, although, when it was shot, Cruz was only just emerging from the glow of Volver which would launch her career into the stratosphere. It was then locked in a post-production battle between producer and director which would keep it off screens until its half-hearted release now.

    But when it was being sold – by Handmade – it was one of the most intriguing projects on the market and was widely pre-bought by key distributors on the basis of its two sexy stars.

    It was also announced this week that Taylor Hackford’s latest filmLove Ranch starring his wife and Oscar-crowned star Helen Mirren had emerged from the legal quagmire that is David Bergstein and Capitol Films. Worldwide rights have been picked up by E1 Entertainment and Hackford and Mirren will be in Cannes to show footage of the film, which shot in 2008. Hackford’s last film Raywas a worldwide hit and a best picture Oscar nominee.

    Still locked up in the Capitol mess are Black Water Transit, Tony Kaye’s long awaited follow up to American History X starring Karl Urban and Laurence Fishburne, and the unfinished David O Russell comedy Nailed which stars Jake Gyllenhaal and Jessica Biel.

    All of course had their moment in the sun, before they were made, as buyers were wooed with pitches of how marketable they would be when finished.

    For a distributor who has chosen to allot large chunks of acquisition budget to expensive propositions like these, the worst case scenario is empty slots and films which only emerge years later without heat and not much to market. Add to that the growing problem of films bought with the guarantee of a certain scale of US release that end up shunted to DVD or TV when the distributor goes out of business and it’s no surprise that many buyers are practicing a wait-and-see policy.

    Which brings me back to pre-sales today. With Cannes just a month away, the market is waiting to see what prices independent distributors will willing to pay for that all-important “sizzle”.

    Pre-sales still mark a film out as special. Another sales agent told me this week that if a film is pre-sellable to a distributor, it means it’s eventually pre-sellable to an audience.

    http://www.screendaily.com/5012570.article

    6 Apr 2010

    3D made Easy

    Author: admin | Filed under: 3D, thefyzz Productions

    While it may at first appear hugely complex, 3D need not be less straightforward, or vastly more expensive than conventional production. Adrian Pennington of Broadcast Magazine highlights speaks with Andy Shelley and gives some top tips

    1) 3D or 2D?

    Does the project really benefit from being 3D? Just because the technology is available, it doesn’t mean it is applicable to all ideas.

    2) Understand the basics

    “A production manager needs to understand the basics of 3D and therefore the parameters that will work,” says Andy Shelley, head of development at On Sight. “Before deciding on kit, they need to consider what technology will allow them to do that they couldn’t do before, and what key shots they have used in the past that won’t work so well.” Thorough pre-planning is essential. Involve 3D specialists up front and keep them central to the production throughout its lifecycle.

    3) Check the costs

    Some broadcasters would have you believe that you can bring in 3D for 5-30% more than HD. Figures up to 50% are currently more common, while natural history 3D can run to many times the rate of 2D HD. Cutting corners by hiring lower quality kit could end up costing much more to fix in post-production. Rig rental costs begin at £500 a day, rising to £2000 at the higher end. Remember to factor in dual cameras, 3D monitors and recording kit.

    4) Find 3D specialists

    From camera operator to post house, find people who can substantiate their claims to 3D experience. “Inexperience of particular technology can slow you down on set,” says Shelley. Because there are so few around, trained stereographers can command £600-£1000 a day. Directors of photography are ideally placed to learn stereography and in future a separate DP and stereographer may not be necessary. Ensure you have a clear understanding of what you are asking the 3D specialist to deliver. If the brief is confused, a lot of time will be wasted in planning, while the prices quoted will vary wildly.

    5) Depth budget

    Core to the brief is the depth script, which represents a detailed storyboard of what effects the director, in tandem with the stereographer, wants to achieve with the extra dimension.

    6) Active vs passive

    Acquisition equipment can be configured in a variety of ways. Do you want side-by-side or beam-splitter? Active or passive rigs? For live action, or any dynamic shots moving from wide angle to close-up, active rigs are a must. They allow corrective adjustments to the lenses to be made accurately and on the fly. Passive rigs enable a different type of shooting but the convergence will have to be manipulated in post.

    7) Don’t fix it in post

    Corrections made in post on a 2D shoot are multiplied in 3D and some may even be impossible, requiring a reshoot. Nailing 3D accurately at the point of acquisition will make the single biggest impact on whether your production remains on budget.

    8) 2D to 3D conversion

    There are several ways to achieve 2D to 3D conversion. Rotoscoping frame by frame delivers the best quality but can cost up to £100,000 a minute. Software processing tools just emerging on the market can automate the job – but the results can be disappointing. The key question is: what do you expect and what is your budget?

    9) Shooting 3D and 2D

    Most commissions will be for a 3D version of a 2D HD shoot. Posting 3D can often mean that the 2D version is free – unless a separate editorial cut is needed. An international market for 3D content is opening up and Blu-ray 3D means DVDs are another possible sales route.

    10) Less is more

    Slower, wider, longer shots will give more desirable results. One plus for live events is that fewer camera positions are required. In-your-face shots need careful consideration to avoid eye strain.

    This article taken from the Broadcast Supplement ’3DTV – What you need to know about Television’s Technology Revolution’ March 2010

    24 Mar 2010

    ‘The Jury Is Out’

    Author: admin | Filed under: 3D, thefyzz Productions

    James Cameron and Michael Bay Skeptical Of 3D Conversions

    by MIKE FLEMING

    The chance to charge higher ticket prices has every Hollywood studio rushing to retrofit their 2D spectacles into 3D. Some directors are pushing back, concerned there’s an imminent future of cheesy-looking 3D that will stunt the momentum created by Avatar.

    michael_bay_fios_commercial_image__2_

    “After Toy Story, there were 10 really bad CG movies because everybody thought the success of that film was CG and not great characters that were beautifully designed and heartwarming,” Avatar’s James Cameron told me recently. “Now, you’ve got people quickly converting movies from 2D to 3D, which is notwhat we did. They’re expecting the same result, when in fact they will probably work against the adoption of 3D because they’ll be putting out an inferior product.”

    That certainly didn’t happen with Alice in Wonderland, which is grossed huge and gave Disney leverage to shorten the window between theatrical and DVD. The next big test for retro-fit 3D comes with the April 2 opening of Clash of the Titans. The film is tracking well, but also building a buzz that it is an imperfect movie that will greatly benefit at the box office because of its last minute 3D conversion.

    james-cameron-talking
    Hard conversion conversations are being had now at studios on films that include Pirates of the Caribbean: On Stranger TidesThe Chronicles of Narnia: Voyage of the Dawn Treader,Gulliver’s Travels and The Hobbit.Executives are weighing competitive issues and the potential benefits of higher ticket prices against the $100,000 per running time minute that is being used as a rule-of-thumb conversion cost.

    Not every filmmaker is as high on the conversion process as studios like Warner Bros seem to be.

    “I shoot complicated stuff, I put real elements into action scenes and honestly, I am not sold right now on the conversion process,” says Michael Bay. Paramount and DreamWorks are pressuring him to allow Transformers 3 to be dimensional-ized after the fact, because there simply isn’t enough time to shoot with 3D camera and post the film between now and its July 1, 2011 release date. Cameron took his time on Avatar, and will do the same with the elaborateFantastic Voyage remake he’s producing for Fox. His longtime 3D documentary collaborator, Andrew Wight, did the same when he directed the underwater thriller Sanctum. Conversions, on the other hand, are rush jobs done right before release dates.

    Bay investigated shooting at least some Transformers 3 footage with 3D cameras, but found them too heavy and cumbersome for the fast pace action scenes he shoots. Bay feels the process of sending out 2D film for 3D conversion is more problematic and pricey than studios are admitting. Too often, companies selling 3D retrofitting services arrive with a sharp demo reel, but leave with a deer-in-the-headlights look when Bay  gives them his own footage to convert, on a tight deadline.

    “I am trying to be sold, and some companies are still working on the shots I gave them,” Bay said. “Right now, it looks like fake 3D, with layers that are very apparent. You go to the screening room, you are hoping to be thrilled, and you’re thinking, huh, this kind of sucks. People can say whatever they want about my movies, but they are technically precise, and if this isn’t going to be excellent, I don’t want to do it. And it is my choice.”

    Bay uses the same top-shelf crews and visual effects teams on all his films, and he bolstered the quality of his Transformers 3 cast with Frances McDormand and John Malkovich. He objects to the idea of handing over his finished film to an unproven process–and people who haven’t had time to develop a level of trust with him–with a release date bearing down on him.

    Said Bay: “I’m used to having the A-team working on my films, and I’m going to hand it over to the D-team, have it shipped to India and hope for the best? This conversion process is always going to be inferior to shooting in real 3D. Studios might be willing to sacrifice the look and use the gimmick to make $3 more a ticket, but I’m not.  Avatar took four years. You can’t just shit out a 3D movie. I’m saying, the jury is still out.”

    Bay also disputes the $100,000 per minute conversation cost estimate. Try between $120,000 to $150,000 per minute, he said, with a top-shelf conversion of Transformers 3 costing $30 million.

    In the end, Bay might have little choice but take the plunge if the film is to generate the highest possible global gross against competition like Pirates of the Caribbean, which is likely to go 3D. Fox is having the same discussions right now on The Voyage of the Dawn Treader and Gulliver’s Travels, and Warner Bros and New Line will start the debate on The Hobbit as soon as Guillermo del Toro, Peter Jackson and their co-writers turn in the script for the second installment within a month.

    I’m told Fox is leaning toward conversions on both of its films, and who can blame them, even though the price tag could be more than $20 million? Narnia opens Dec. 10, sandwiched between 3D titles Harry Potter and the Deathly Hallows(November  19), Tron Legacy (December 17), and Yogi Bear (December 17).  Gulliver’s Travels opens Dec. 22. Is it suicide to be the 2D holdout in a 3D family film holiday season?

    The Warners discussions on The Hobbit are equally intriguing. Initially, del Toro favored a 2D shoot on film, insiders said. But Warners is sitting on a potential gold mine, looking at an extra theatrical and ancillary revenue cycle if the studio spends $60 million or so to convert the original Lord of the Rings trilogy. It will be an all or nothing decision on five LOTR films, because Warners will not convertLOTR then release a pair of 2D Hobbit films that look visually inferior.

    Sanctum’s Wight said the process of shooting with 3D cameras will become streamlined and the norm. He shot Sanctum in 3D, in underwater caves, on a $30 million budget, but then again, Wight helped Cameron road test the equipment on the deep sea documentaries they did together. Wight is concerned that inferior conversions will harm the market, but figures audiences will be savvy enough to smell stiffs using quick 3D conversions as crutches.

    Avatar proved people will pay a premium for value,” Wight said. “It’s like Heinz Ketchup. Once you’ve tasted it you’ll go to as many markets as you need to find it when you run out. With Avatar, they tasted something really good, and they want more. People aren’t going to say, well this movie looks like crap, but I’ll go and hope the 3D is good. As a community, we need to do this right and have quality control, because the bad things out there diminish the value and the more good stuff out there, the more people will be inclined to go see these movies.”

    When I spoke to him during Oscar season, Cameron was also concerned about the  3D virgin directors who were thrust into big stereoscopic shoots, like (500) Days of Summer director Marc Webb on the 3D Spider-Man reboot.  Cameron said he has volunteered himself to be a 3D crisis counselor to any director who asks, and he called for the DGA to organize seminars to help filmmakers understand the benefits and pitfalls of the technology. He could tell problems would abound when Avatar opened and the most effusive reactions came from studios moved more by higher ticket prices than artistry.

    “This is another example of Hollywood getting it wrong,” Cameron said. “Sony says, we’re doing Spider-Man in 3D.’ The director doesn’t say, `Hey, I want to make the movie in 3D.’ The studio says, `You want to direct this movie? You’re doing it in 3D, motherfucker!’ That’s not how it should be. I’ve tried for the last seven years to get filmmakers excited, and they all hung back while Pixar and DreamWorks did animation and me and a couple others did live action. We prove the point, and now filmmakers are being told to make their movies in 3D.”

    http://www.deadline.com/2010/03/michael-bay-james-cameron-skeptical-of-3d-conversions-the-jury-is-out/

    17 Mar 2010

    The UK private film funds | In Focus

    Author: admin | Filed under: thefyzz Consultancy

    The UK private film funds | In Focus | Screen.

    Ingenious Media

    Key names: Commercial director Duncan Reid; COO James Clayton.

    Profile: Mainly raises money from private corporations for investment in US studio films. Less often it works with-high-net worth individuals for one-off films. Looks for experienced producers with a first-class international sales company, some pre-sales and some creative elements in place.

    Credits: Wolverine, Bronson, Never Let Me Go, Swinging With The Finkels.

    What producers say: “They are top of the list. They are so well organised. If you are going into battle, that’s what you want — somebody heavyweight on your side.”

    Matador

    Key names: Partner Nigel Thomas.

    Profile: Has successfully raised $15m (£10m) over the past 18 months through its five EIS companies, Cinema One, Cinema Two, Cinema Three, Cinema Four and Cinema Five. Through these funds, Matador provides up to a third of the budget for British qualifying films.

    Credits:  Jonathan Lynn’s Wild -Target, Anthony DiBlasi’sDread, Sallie Aprahamian’s Broken Lines.

    What producers say: “There are some smaller operators like
    Matador who are in all likelihood better placed than the big funds with the larger overheads.”

    Scion Films

    Key names: co-chairs Jeff Abberley, Julia Blackman.

    Profile: Part of the Scion group which also includes structured finance, asset management and production and legal services. Finance is from group resources, but some opportunities to participate in projects through Scion Financial Partners.

    Credits: In Bruges, Inconceivable.

    Goldcrest Film Finance

    Key names: Partner Adam Kulick.

    Profile: In the last three years, Goldcrest has provided funding to 18 projects ranging in budget from $2m to $100m.

    Its new structure is  Goldcrest Film Production LLP, which looks to support UK films in the $4.5m- $10.5m bracket.

    Credits: Tropic Thunder, Twilight.

    Aramid Entertainment Fund

    Key names: Tim Levy, founder and owner of Future Capital Partners, and a director of Aramid.

    Profile: Incorporated in the Cayman Islands. Offers bridge financing and gap financing and to discount the UK tax credit.

    Credits: Triage, In The Loop, Franklyn, Sounds Like Teen Spirit, Good.

    Premiere Pictures

    Key names: COO  Adam Betteridge.

    Profile: Finance and production company specialising in film business opportunities for high-net-worth individuals. Its Sovereign sole traders fund offers the opportunity to trade film rights for profit. Looks for films in the $5m-$30m range, not just UK ones  — focus is on “commerciality”. Will give priority to projects with at least 75% of finance secured. Producers are expected to supply due diligence documents, including chain of title, sales figures, talent commitment, finance plan and proof of other financing.

    Credits: Perrier’s Bounty, Welcome To the Rileys.

    Future Films

    Key names: Chief executive Stephen Margolis.

    Profile: Funds include 76 Media Finance (provides finance to UK films), Double M and M2 Production Funds (public film investment funds), Grove Media Finance. Also creating a strategic company for European film finance.

    Credits: Flawless, Fifty Dead Men Walking, Manolete, Planet 51.

    BMS/Limelight

    Key names: Limelight VCT founder Michael Henry; head of the film department Ivan Mactaggart.

    Profile: Since September 2007 BMS and Limelight VCT have together financed 15 films.  Now BMS is to operate its own fund, looking to finance commercial UK and international films with budgets in the $3m-$15m range, providing gap, pre-sale and tax-credit financing up to 50% of budget. Michael Henry intends to continue offering UK tax credit funding under the Limelight brand to lower-budget UK films.

    Credits: Adulthood, Moon and Perrier’s Bounty.

    Baker street

    Key names: Founder Keith Evans.

    Profile: Has reinvented itself as a mini-studio, involved in financing, production, distribution and sales. It has raised funding through EIS. Now aims to fully finance low-budget films.

    Credits: Dave McKean’s Luna and animated feature Kitchen Stories, through EIS companies.

    Prescience

    Key names: Co-founders Paul Brett and Tim Smith.

    Profile: Latest fund is Aegis Film Fund, a partnership between Prescience Film Fund, Chancery (UK) LLP and financial execs Chris Smith and Colin Brumpton. Has up to $50m committed for this year and will invest in projects in $8m-$25m range.

    Credits: Mat Whitecross’ upcoming Ian Dury biopic Sex & Drugs & Rock & Roll.


    Aegis Film Fund to invest $50m in film productions | News | Screen.

    Aegis Film Fund (Aegis), a newly launched debt fund in the UK, intends to invest up to $50 million in films, with a focus on high budget productions.

    The fund will invest in film and media content through short to medium term loans and debt, including discounting of government tax credits and pre-sales contracts, basic gap funding and secured bridge financing.

    Aegis has committed to its first three projects, the first of which is Mat Whitecross’ Sex & Drugs & Rock & Roll. It tells the story of English singer-songwriter Ian Dury.

    Details of the next two projects, one of which is with Ealing Studios, will be announced in the coming weeks.

    Speaking to ScreenDaily, Aegis director Tim Smith said: “We are looking at the commerciality of the project, the strength of the sales agent and the quality of the producer.”

    The fund has up to $50 million to commit this year and is focussing on top end independent productions in the $8m to $25m budget range with an established group of producers.

    Smith added: “In the current financial climate we are seeking to provide competitive finance that, to a certain extent, is helping to fill the gap left by the European banks. On certain projects, equity can also be made available from other Prescience managed funds.”

    Aegis Capital Partners, a UK partnership set up by Prescience Film Finance, Chancery (UK) LLP and city executives Chris Smith and Colin Brumpton are advisors to the fund.

    The fund is headed up by Tim Smith who is also Prescience Film Finance’s managing director and Peter Nichols, Senior Partner at Chancery (UK) LLP.