Indie Film Temperature Check: Vaccines Roll Out And Production Revs Up But Insurers, Banks Still Mia
With more than 50% of the U.S. 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 Hypnotic, the 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.”
“As soon as the insurance is workable, it all snaps back,” Gill added, referring to Covid-19 insurance, which disappeared for new independent productions over a year ago. Specialty insurance is available but...
Mark Gill, CEO of Solstice Studios, said things are looking up and he’s hoping to stick to a September shooting date for Hypnotic, the 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.”
“As soon as the insurance is workable, it all snaps back,” Gill added, referring to Covid-19 insurance, which disappeared for new independent productions over a year ago. Specialty insurance is available but...
- 4/27/2021
- by Jill Goldsmith
- Deadline Film + TV
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