Monday, June 15, 2009

Ideal time to launch an independent movie studio

Two industry veterans, undeterred by the deep downturn, launch DF Indie Studios with a goal of making and distributing 10 to 12 small-budget movies a year.It hardly seems like the ideal time to launch an independent movie studio. If the kings of the business, Bob and Harvey Weinstein, are struggling, can anyone make it?

Two industry veterans think they can, and they've persuaded several well-known producers, including Ted Hope and Anne Carey, and filmmaker brothers Ridley and Tony Scott to bet on them.

Other producers who have committed to bring projects to DFIS include Jennifer Fox, a producer of "Michael Clayton," and RedBone Films, whose co-founder Samara Koffler headed Harrison Ford's production company for several years.

DFIS probably couldn't have picked a tougher time to try to launch a studio for independent films. Just last week the Weinstein Co. hired financial advisor Miller Buckfire & Co. to restructure its debt and raise money to cover its costs.

More Info : Los Angeles Times

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