Indie Film Temperature Check: Vaccines Roll Out but Insurers, Banks Still MIA

Labor News, Industry News

Reprinted from Deadline Hollywood by Jill Goldsmith on April 27, 2021.

With more than 50% of the US adult population at least half vaccinated and studios plotting start dates, visions of a return to normalcy abound. So what’s the prognosis for independent film, when insurers and bank lenders remain on the sidelines even as production perks up?

Mark Gill, CEO of Solstice Studios, said things are looking up and he’s hoping to stick to a September shooting date for Hypnoticthe Robert Rodriquez thriller with Ben Affleck. But right now, “You have trouble financing any size of movie except the small ones.”

“Mostly what we do is [in the range of] $40 million to $80 million that made it impossible for us to go into production. I had hoped it would ease up.” …

Deadline Hollywood 4/27

RELATED POSTS:  Sakoui: TV and Film Production Has Gotten So Complicated
About Jeffrey Burman 859 Articles
Jeff Burman served on the Guild’s Board of Directors from 1992 to 2019. He is now retired. He can be reached at jeffrey.s.burman.57@gmail.com.

Leave a Reply