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Angus Finney As the film industry braces for a colder-than-normal Berlinale, the indie sector faces a rising level of pain points, now exacerbated by leaner and meaner commercial terms on offer from territorial and domestic distributors for indie titles. Pre-pandemic overproduction, problems with minimum-guarantee payments (commonly referred to by the acronym MG), delays in payments, a decline in theatrical box office and even the deleterious effects of tastemakers ceding control to algorithms give international sellers headed to the European Film Market headaches — despite some giddy deals struck at Sundance. “It’s a complete shitstorm,” states a leading global financier of indie content. “Buyers have been trying to get out of paying the industry’s long-standing minimum-guarantee precedent of a 20% deposit, offering 10% and, in some cases, even zero.

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Rising Interest Rates, a Fading Theatrical Movie Business and a Post-Strike Hangover: Breaking Down the Threats Facing the Cannes Market

Paul Schrader was about to start shooting “Oh, Canada,” his adaptation of Russell Banks’ novel about a troubled artist taking stock of his life, when the major actors union went on strike. For a second, it looked like all that hard work, passion and planning might be for nothing — with performers on the picket lines and major studios holding out on their contract demands, it was hard to see how cameras would ever roll on the low-budget indie. “Everything shut down,” said Brian Beckmann, the CFO and COO of Arclight Films, which is selling international rights to the film.

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Danny Huston, Graham Greene, Martin Sensmeier, Oliver Trevena & Devaughn Nixon Join Joel Kinnaman Thriller ‘Ice Fall’, Filming Underway In Bulgaria

EXCLUSIVE: Danny Huston (Wonder Woman), Oscar nominee Graham Greene (Dances with Wolves), Martin Sensmeier (Yellowstone), Oliver Trevena (Plane) and DeVaughn Nixon (Winning Time: The Rise of the Lakers Dynasty) are joining Joel Kinnaman and Cara Jade Myers in thriller Ice Fall.

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Gene Simmons And Arclight Films Chair Gary Hamilton Launch Production Label & Set Shark Thriller ‘Deep Water’ As First Project

Kiss rocker Gene Simmons and Gary Hamilton, Chairman of sales and production company Arclight Films, have launched a new production company called Simmons/Hamilton Productions.

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Gene Simmons Launches Production Company With Arclight Films Chairman Gary Hamilton, Renny Harlin Shark Thriller Set as First Project

Manori Ravindran Executive Editor of International Kiss frontman Gene Simmons and Gary Hamilton, chairman of Arclight Films, have launched Simmons/Hamilton Prods. to develop, finance and produce feature films. The standalone banner will produce 25 movies over an initial five-year period, with a focus on action, thriller and genre titles with global franchise potential. The company is backed by a multi-billion dollar fund manager that is providing slate financing through a revolving finance facility. Arclight Films’ CFO Brian Beckmann was responsible for closing the slate funding deal. All films created under the new company — which was first discussed five years ago, and recently firmed up — will be produced by Simmons and Hamilton, both of whom are in Cannes for the festival. The focus is to build a feature film production company, targeting original theatrical product that can be developed into franchise properties.

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‘The Portable Door’ Starring Christoph Waltz And Sam Neill To Get Exclusive Release On MGM+ In April

MGM+ new original fantasy-adventure comedy The Portable Door will debut exclusively on MGM+ and coming exclusively to the U.S. market in April. The comedy stars multi-time Golden Globe nominee Sam Neill (Peter Rabbit, Jurassic Park) and Patrick Gibson (The OA, Tolkien), joining two-time Academy Award winner Christoph Waltz (Django Unchained, No Time to Die) and Sophie Wilde (Eden, You Don’t Know Me). The award-winning Jeffrey Walker (Ali’s Wedding, Lambs of God) directed the film, which is adapted by Leon Ford (Griff the Invisible) from Tom Holt’s popular seven-book fantasy series.

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Independent Film & Television Alliance Appoints Seven To Board Of Directors

Brian Beckmann (Arclight Films), Caroline Couret-Delegue (Film Seekers Limited), Diane Ferrandez (AGC Studios), Jeffrey Greenstein (Millennium Media), George Hamilton (Protagonist Pictures), Jasmin McSweeney (NZ Film Commission) and Lise Romanoff (Vision Films) have been elected to serve on the Independent Film & Television Alliance’s 15-person Board of Directors.

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Inflation Woes Hits Indie Productions Hard

Carole Horst As industry mavens alight on the Zurich Film Festival, escalating inflation costs and rising interest rates are hijacking dreams of a post-pandemic recovery and rebirth. Together, these financing challenges are sitting on top of unstable budgets still coping with COVID-induced costs that continue to send production budgets 10% north on average. Observers need to go back to 1981 to find inflation rates higher than the current 9% to 10% figure across Western nations, while prime bank lending rates are now sitting at 5%-6%, matching 2008-09 financial crisis levels. Take the rising cost of borrowing first, following a decade of extremely cheap money, and the pressure on producers is now acute: “You’ve got to consider that most indie financiers are always looking to lower budgets anyway. Interest is a key cost line that many producers don’t understand or are forced to factor in late in the day,” says Brian Beckmann, CFO of Arclight Films, which is behind Russell Crowe-starrer “Poker Face.” “Now the cost of money has gone up all over the place.”

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ArcLight Films, MEP Capital Management Buys Library of The Lotus Entertainment (EXCLUSIVE)

Brent Lang Executive Editor of Film and MediaArclight Films and MEP Capital Management are teaming up to acquire and license all available media rights to the library of The Lotus Entertainment. That library consists of a mix of worldwide and foreign sales rights to 58 films released between 2005 to 2019, which earned more than $500 million at the global box office.

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Streamers Eye Sundance Content to Bulk Up Libraries

Todd Gilchrist After almost two years of movie theaters being partially or completely closed, streaming services are poised to have their biggest moment yet. The 2022 Sundance Film Festival is one of the first major festivals where a steadily growing number of services can test their muscle, and their money, not just against traditional distribution methods themselves.“Everyone has gotten incredibly used to the idea of watching movies that are first-run on streaming without any kind of stigma,” Picturestart founder and CEO Erik Feig says.

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