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Saturday, June 12, 2021

Update: Cable Industry Launches Its Own Netflix

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Time Warner Cable, Comcast, and Cox have banded together to launch Vutopia, a subscription VOD service that is being touted as a response to Netflix.

AFM Currency Update

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Great news for the first day of the American Film Market: the GBP and the Euro are both trading high against the USD, which is elevating the AUS as well. This should stimulate early film buying.

Netflix Can’t Sustain Premium Content

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Netflix is being called to task on their streaming business model and their low-ball quest for in-season television series. Could stepping out from behind the first sale doctrine and their business method patents be their undoing?

Announcement: A New Method for Indie Financing

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If nothing else, film financiers like myself need to try to incorporate new sources for film funding. This merging of crowd/tribe financing into the traditional model may indeed be possible.

Portugal: The Straw That Breaks The Back of Independent Film Financing?

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Let me assure you - it's got everything to do with the state of filmmaking worldwide and no one is talking about it.

Be Warned – What 2011 Means for Filmmakers

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The mantra for surviving 2011 and 2012 will be to swing for singles and doubles, not for fences. If you really know what your doing, then it's a great time to enter the film market. But if you don't...

UK Film Finance Mag Interview

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Recently, I was interviewed by Kingsley Marshall, contributor to Big Screen, Film International, Little White Lies, and Shook, for a story on film finance.Do you find this Q&A interesting? What additional information would you like to know about?Here is the Q&A from this article not yet out:Kingsley Marshall: How hard is it to find movie financing in 2010?JEFF STEELE: It's very, very tough out there for single-picture, indie films. There are about six entertainment banks left that are actively lending, down from 12 in 2008, and only a handful of gap funds, down from a zillion in 2008. Wall Street equity, like hedge funds, has pretty much abandoned the single-picture finance business as well, but is still present in slate financing structures. And yet, films are still getting made.Kingsley Marshall: How much is the credit crunch to blame?JEFF STEELE: The credit crunch definitely played a key part in the production freeze in 2009, where the streets of Cannes and Toronto were paved with dead deals. 2010's glut has to do more with (1) the plethora of bad film deals that were made during the go-go years of 2005-2008 that have barely recouped this budgets, (2) high net worth individuals not having the disposable income they once had (or thought they had), and (3) the lack of U.S. distributors (and P&A) available to the indie market. The credit crunch is definitely having a direct impact on the ability of foreign buyers and distributors to finance pre-sales and pre-sales deposits, which are critical elements in indie film financing.

Report from Film Finance Summit, NYC

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A report from the Film Finance Summit in New York, where the Intro & Overview of a TV & Film Transaction covered the basics of film finance: Tax Credits, Presales, Gap Lending, Equity Investors, Essential Elements, Security Interests, and more.

Why Films Under $2m Can’t Catch a Break

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Something that bigger-budget producers unknowingly take for granted is the availability of different types of financing. But any ultra low budget producer (under $2m) can tell you with frustrating familiarity that they can fit their financing structure on a postage stamp.

Highlights From The 3rd Annual Film Finance Forum: Part 1

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The 3rd Annual Film Finance Forum concluded this week and has become the preeminent financial gathering of its kind. One thing that sets this forum apart is...