On Monday October 4th, La Grande Orange in Santa Monica hosts Windy City West, a private party for those from Chicago working in the entertainment industry. It is a hot ticket item and I'm told a crowd expected to top 400. Expect to see all the top Chicagoans walking the red carpet.Chicago is a tight-nit community with everyone knowing at least someone who is somebody in the buisness by at least one degree of seperation. It's a great group of people to be a part of and as with most tribes, is very loyal to their own.
It is nothing short of mind numbing how much email flies around during film closings. Executive teams representing senior banks, mezz lenders, tax credit lenders, equity financiers, bond companies, producers, and talent, along with their in-house and out-house lawyer teams and other reps have taken email’s “Reply to All” to unimagined and unmanageable extremes, but Google may have the answer...
David Molner and David Bergstein are two of the smartest people in the business. Unfortunately, as has been proven many times over, the smartest guys in the room can make the worst decisions; and those decisions usually rely too much on smarts and not enough on judgement. The smarts recognized the potential for profits -- but the judgement knew the risk was too great.
If you are planning on shooting in Hungary in the near future (or preselling to Eastern Europe), then you may find great opportunity as well as great opportunity for concern in the "very grave situation" facing the region.
I have this theory that film financing follows real estate: as goes real estate, so goes film. This is nothing I can quantify with statistics; it's a gut feeling, solidified over time, observational, not empirical. And, hear me out, what's got me thinking we may be seeing more film investing is an increase in the sale of U.S. Treasury bonds.