The entertainment industry is one that requires a tremendous amount of passion, patience and an enormous amount of luck. Thousands of projects are developed each year and only a handful get made and distributed. What continues to draw successful people from other industries into the film business? What drives them? What is their approach...
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With the ever changing world of film financing and representation, the international sales agent is becoming the big hitter in the industry. It is a well-known fact that talent drives movie making. If a producer can attract a Tom Cruise, Brad Pitt or Jennifer Aniston to their project, the movie will be green lit....
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In Part I, we talked about Hedge funds and what they are looking for in terms of financing films. They prefer slates, which create a portfolio effect with which they can amortize the risk across a variety of film, genres and budgets. If that’s the game Hedges funds are playing, what are...
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Michael Mendelsohn is the Chairman and CEO of Patriot Pictures, and currently manages senior and mezzanine debt portfolios for banks and financial institutions specializing in entertainment. Michael has arranged production financing for over 258 films, including “Lord of War,” starring Nicolas Cage and Ethan Hawke; “Material Girls,” starring Hilary Duff, and “Holy Cross,” executive...
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I often receive inquiries from around the world on how best to go about obtaining film financing. Projects come in all shapes and sizes – a wide array of genres, varying budgets and an assortment of experience levels. In every case, the biggest questions are: How do I put together financing for a movie?...
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As a consultant and expert witness in the entertainment industry, the vast majority of cases that cross my desk are for economic damage or loss of wages claims. Most of the cases have been for personal injury, worker’s compensation, copyright infringement and wrongful death, with claims ranging from $250,000 to $90 Million. In all...
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Financing of film projects often requires an elaborate patchwork of investors, banks, soft money tax credits and in-kind services, and some companies specialize in financing specific stages of production. One of the overall themes of the industry that can at times make obtaining financing hard is the risks involved in making films, many of...
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The large majority of lawsuits that involve individuals in the entertainment industry revolve around lost wages or fees. These claims often allege millions of dollars in lost earnings depending on the role the person plays within the industry. Given the exorbitant amount that some actors, writers, directors and producers earn, it’s easy to understand...
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Of the thousands of screenplays written every year, only 450 to 500 of these are "lucky" enough to be made into motion pictures. Of those produced, less than half are released in theatres and of those remaining, only a portion are released directly to DVD.
Those released directly to DVD and other media do not...
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