Exclusive: The Shack author Wm Paul Young will develop and produce a feature film and TV anthology series based on the famed Christian-faith poem Footprints and based off the spec script by Vincent Prezioso.
Pic tells the story of a high school gridiron star raised by a single father who lacks the resources to send his son to college. The young man has a dream to be recruited by Michigan to play college football at the Division 1 level. That dream is met with overpowering obstacles starting with his father, a recent widower and New York City sanitation worker, who pushes his son to take the safer route and become a civil servant. Their conflict is intensified when outside forces also conspire against the wanna-be college athlete who begins to doubt everything important in his life — his father, his dream for the future, the purpose of life, and any sense of faith.
Pic tells the story of a high school gridiron star raised by a single father who lacks the resources to send his son to college. The young man has a dream to be recruited by Michigan to play college football at the Division 1 level. That dream is met with overpowering obstacles starting with his father, a recent widower and New York City sanitation worker, who pushes his son to take the safer route and become a civil servant. Their conflict is intensified when outside forces also conspire against the wanna-be college athlete who begins to doubt everything important in his life — his father, his dream for the future, the purpose of life, and any sense of faith.
- 10/5/2018
- by Anthony D'Alessandro
- Deadline Film + TV
Despite a credit crunch that has wealthy investors hiding cash under their mattresses rather than risking it on films and Wall Street retreating from financing studio slates, Hollywood isn't running out of money.
Witness James Janowitz of Pryor Cashman. The attorney is buttoning up a $250 million structured finance arrangement -- including money from hedge funds -- that will help pay for the production of a dozen films.
"The market isn't as strong as it once was, but there is activity, and the structures make sense as long as they don't unduly favor the studio or producer," Janowitz says.
In short, a film-finance bubble that pumped billions into Hollywood during the first few years of the new millennium has popped, but the show is going on with new -- and a few old -- players.
Foreign investors and government entities, including U.S. states and foreign territories offering incentives, have taken up some of the slack.
Witness James Janowitz of Pryor Cashman. The attorney is buttoning up a $250 million structured finance arrangement -- including money from hedge funds -- that will help pay for the production of a dozen films.
"The market isn't as strong as it once was, but there is activity, and the structures make sense as long as they don't unduly favor the studio or producer," Janowitz says.
In short, a film-finance bubble that pumped billions into Hollywood during the first few years of the new millennium has popped, but the show is going on with new -- and a few old -- players.
Foreign investors and government entities, including U.S. states and foreign territories offering incentives, have taken up some of the slack.
- 8/27/2009
- by By Georg Szalai and Paul Bond
- The Hollywood Reporter - Movie News
The film-finance world may not feel an immediate pinch from the Chapter 11 filing by Lehman Bros. and the bailout of Merrill Lynch by Bank of America -- but longer term, there may be an ouch.
"A financial market that's in a meltdown is not good for the industry in so many ways," is how film-finance attorney John Burke put it Monday.
Admittedly, the studios and startups that have made use of funds from institutions like Merrill Lynch have locked in money and interest rates for the near-term. Summit and Marvel, both of which have credit facilities with Merrill, for example, have their rates already set.
But some companies could see their future clouded as the Merrill sale goes through.
MGM's United Artists, which has a $500 million production facility with Merrill, has only one movie on the immediate horizon -- the Tom Cruise vehicle "Valkyrie" -- and could find itself facing...
"A financial market that's in a meltdown is not good for the industry in so many ways," is how film-finance attorney John Burke put it Monday.
Admittedly, the studios and startups that have made use of funds from institutions like Merrill Lynch have locked in money and interest rates for the near-term. Summit and Marvel, both of which have credit facilities with Merrill, for example, have their rates already set.
But some companies could see their future clouded as the Merrill sale goes through.
MGM's United Artists, which has a $500 million production facility with Merrill, has only one movie on the immediate horizon -- the Tom Cruise vehicle "Valkyrie" -- and could find itself facing...
- 9/15/2008
- by By Steven Zeitchik
- The Hollywood Reporter - Movie News
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