3 items from 2015
In the star-driven film business, getting presales or equity financing without stars or a name director is often next to impossible — and often for good reason.
“On ‘Whiplash,’ we did an analysis of what the sales numbers would look like based on the packageable elements, which led us to conclude that we were scorching two-thirds of our investment,” Bold Films CEO Gary Michael Walters says with a laugh. Yet even with a first-time feature director (Damien Chazelle) and two leads who’d never carried a movie (Miles Teller and J.K. Simmons), Bold’s chairman Michel Litvak ended up fully financing the $3.3 million film with no presales or tax credits.
This Oscar contender and other recent financing, presale and box office success stories are anomalies, to be sure, but they reveal a few factors that can encourage sales outfits and equity funding to jump in early and bet on very risky projects. »
- Gregg Goldstein
Ansel Elgort has been tapped to star opposite Chloe Moretz in Sacha Gervasi's November Criminals for Lotus Entertainment. Based on an adapted screenplay by Academy Award Nominee Steven Knight from Sam Munson's novel, the film will also star two-time Academy Award Nominee Catherine Keener.
Beth O'Neil will produce alongside Lotus, who is also handling international sales. Caa and Wme are co-repping the domestic sale. November Criminals follows two teenagers into the dangerous underbelly of Washington DC as they investigate the murder of their friend while falling in love for the first time.
Lotus Entertainment's current slate includes: Xavier Gens thriller The Crucifixion from a screenplay by Chad and Carey Hayes; Shekhar Kapur's epic adventure Tiger's Curse, based on the first in a series of New York Times bestselling novels; and Tanya Wexler's Replicas starring Keanu Reeves.
The story focuses on 'Luce', sent to 'Sword and Cross Reform School' in Savannah, Georgia, after she is accused of murdering a boy by starting a fire. At the reform school, she meets 'Daniel', a young man she feels inexplicably drawn to, and believes she has met before. The book then revolves mostly around a "Twilight"-like love triangle between Luce, Daniel and 'Cam', another boy enrolled at Sword and Cross.'Daniel' is a fallen angel - a heavenly being who chose, for a short time, to side with evil at the beginning of time - and Luce’s main romantic interest. He saves Luce from a falling statue of an angel in the cemetery adjoining the school, then feigns disinterest in Luce, trying »
- Michael Stevens
3 items from 2015
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