First, Robert Halmi's RHI bankruptcy took out US Bank's entertainment division. Now, this wave of destruction could come crashing right through the front door at JP Morgan's entertainment division. The result for indie producers will be even fewer banks willing to bet on riskier films.
It takes patience and strategy to properly package a project and put together its finance plan before announcing it to the world. Unfortunately, too many in Hollywood feel compelled to announce every step in the development cycle of their projects. This just becomes an embarrassing pubic record of those who create the counterfeit currency in Hollywood.
With 20 producers credited, The Kids Are Alright is poised to be this year's annual Academy Award controversy over who gets the Oscar.