Los Angeles, CA – February 14, 2011- The Crazy Heart Original Motion Picture Soundtrack and “The Weary Kind (Theme From Crazy Heart)” each were honored with Grammy® Awards last night at the 53rd Annual Awards show. The album won for Best Compilation Soundtrack Album For Motion Picture Television or Other Visual Media while “The Weary Kind (Theme From Crazy Heart),” which recently won the Academy Award® in the Best Original Song category, received a Grammy in the Best Song Written For Motion Picture, Television or Other Visual Media category.
LIANA LIBERATO & OLGA KURYLENKO
Informant Media’s action thriller Erased starring Aaron Eckhart and directed by Philipp Stölzl (North Face, Goethe!) commenced principal photography in Montreal April 10, 2011 with shooting to also take place in Brussels in May. Set to join Eckhart, who plays an ex-CIA agent in the film, are Liana Liberato and Olga Kurylenko.
The Golden Globe nominated Eckhart most recently starred in Battle: Los Angeles and the critically acclaimed Rabbit Hole. Upcoming projects include The Rum Diary with Johnny Depp. His other recent credits include The Dark Knight and Thank You For Smoking.
By TANYA BENEDICTO
Whether it’s for financial return or a vanity play, some wealth investors may find the lure of investing in show business irresistible. Before you envision yourself on location for a major motion picture, consider this quadrant financial plan: 1) tax subsidies 2) sales projections 3) debt 4) equity and how a cast, budget and marketing will impact your gains.
Show business usually catches a bad rap but Judy Cairo of Informant Media, which operates as both a film production company and a film finance fund, told a group of wealthy investors that there are indeed opportunities for A-list returns due to three concurrent forces.
First, the major studios have been too focused on chasing high-profile commercial films. Entertainment Weekly reports that “a number of would-be blockbusters have underperformed and overall revenues have been down,” citing The Green Hornet and Gulliver’s Travels. Therefore the studios, according to Cairo, have overlooked a profitable space: the moderately budgeted, high-quality film for the adult demo.
Cairo used the recent box-office hit The Fighter to make her case in point. Paramount was originally supposed to produce the film with a budget of $77 million. Instead, independent film producers reigned in with a budget of $17 million. To date, the movie starring Mark Wahlberg and Christian Bale has grossed over $74 million, and that’s just in domestic sales. The Black Swan and The King’s Speech also exemplify that the indie, non-commercial route can still garner all the glory: critics’ praise, awards galore and tickets sales.
Second, foreign countries, especially in Europe, are granting substantial tax subsidies to entice film production within their borders. Cairo’s next project, Hysteria, a romantic comedy situated around the development of the women’s electronic vibrator, (try mentioning that in a presentation to a room full of serious investors!) starring Maggie Gyllenhaal, was shot in Great Britain and Luxembourg, which raked in a combined $2.8 million. France, Italy and Poland are also film-friendly nations.
And last, investors are getting creative with diversification. Besides ticket sales, Cairo points to an endless stream of revenue from multiple sources, including foreign sales, cable networks, pay-per-view, hotels and airlines. However, accounting rules only recognize all this revenue when tickets are officially sold or when a license agreement is officially signed. Until then, the investor is staring at a sheet of projections and estimates.
Investors can either invest in film funds, where you could spread risk over several projects, or invest in one individual film. Either way, financiers of “The Industry” should think of each film as a business startup. If it fails, it’s usually because it has an ill-conceived business model, be it due to overspending on production or poor marketing strategy.
(excerpted from Forbes’ article dated Jan. 28 2011)
(Reuters) – Jeff Bridges won a best actor Oscar on Sunday, his first ever Academy Award, for his role in “Crazy Heart” as a drunken country singer who finds redemption.
Bridges, the brother of Beau Bridges and the son of screen star Lloyd Bridges, was previously nominated for an Oscar four times but had never walked away with the award.
“Thank you Mom and Dad for turning me on to such a groovy profession,” Bridges said after whooping in joy, pumping his golden statuette in the air.
Bridges told the Kodak Theater audience how his father had taught him the basics of acting, while his mother egged him on to entertain guests at parties.
Maggie Gyllenhaal and Hugh Dancy will star in indie romantic comedy “Hysteria,” centered on the invention of the vibrator in Victorian-era England.
“Hysteria,” penned by Stephen Dyer and Jonah Lisa Dyer, is directed by Tanya Wexler. Jonathan Pryce and Rupert Everett have already been signed to co-star.
Producers are Forthcoming Films’ Sarah Curtis (“Mansfield Park”), Beachfront Films’ Tracey Becker (“Finding Neverland”) and Informant Media’s Judy Cairo (“Crazy Heart”). Shooting is scheduled to begin in October in London and Luxembourg.
Dancy and Pryce will star as doctors in London treating cases of hysteria, a condition said to be characterized at the time by a woman’s irritability, anger or unexplained tears. Dancy’s character and his best friend, portrayed by Everett, experiment with a new electrical device for treatment for the ailment. Gyllenhaal portrays the daughter of Pryce’s character.