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PIMP - Now in Post Production 14 October 2009 International film financier Premiere Picture is pleased to announce that they have recently closed a deal on Pimp, the latest British Indie picture starring Danny Dyer and Billy Boyd. ‘Pimp' which is currently mid-way through post production, is a modern day dark thriller in the gritty vein of films like Rise of the Footsoldier, The Football Factory and The Business . The film follows a week in the life of a Soho pimp – a week that spirals brutally out of control…. Cast includes: Danny Dyer ( The Football Factory, Adulthood, The Business, City Rats ), Billy Boyd ( Master and Commander, The Flying Scotsman, Lord of the Rings ), Martin Compston ( Doomsday, Sweet Sixteen, Red Road ), Barbara Nedeljakova ( Hostel, Hostel 2 ) and Robert Cavanah ( Lara Croft 2, Wuthering Heights , Hanuman ). Robert Cavanah will also direct the film which he co-wrote with Jon Kirby. “Premiere is thrilled to be involved with this very exciting independent film and continue our drive to champion high quality independent films” – David Rogers of Premiere Picture Pimp is being produced by Triple S Films founded by Matthew Stradling and Paul de Vos, Crispin Manson of Jubilee Pictures and Royd Tolkien. Their credits include Jack of Diamonds, Requiem, and Framed which was also written by Stradling. The film is being sold internationally by recently launched Stealth Media Group founded by Michael L Cowan, Sean O'Kelly and Jason Piette with offices in Los Angeles , London and Brighton . Stealth has reported that the film is generating strong interest from both UK and international distributors. In their words, Danny Dyer has to date sold over 4 million DVD's in the UK alone and a strong gangster Danny Dyer film is a must have for all distributors as his films generate on average 200,000 DVD's a time.
PREMIERE CLOSES FINANCE ON THE JONESES AND THE WARD September 2009
UK , 29th September: International film financier, Premiere Picture, has just completed co-financing deals with Echo Lake Productions on John Carpenter's psychological thriller, The Ward and the Toronto buzz title, The Joneses, which received its world premiere at the Toronto International Film Festival. Premiere Picture also saw another major co-financed title feature at this year's festival, with Perrier's Bounty also receiving its world premiere in Toronto . Premiere Picture executives Adam Betteridge and Jason Garrett brokered the financing deals on both titles. Working closely with producer Doug Mankoff of Echo Lake Productions , the co-financing deals were closed today for the smart and affecting comedy, The Joneses, which stars Demi Moore and David Duchovny and is directed by Derrick Borte, as well as for the complex psychological thriller, The Ward, from the father of modern horror, John Carpenter. The Ward stars Amber Heard (also to be seen in The Joneses ) and has just completed principal photography. Adam Betteridge, Chief Operating Officer for Premiere and Executive Producer on both titles, commented, “we are delighted to be involved in the financing of these outstanding independent films, which we feel have great commercial potential. We were also thrilled to see both The Joneses and Perrier's Bounty being selected for Toronto and the enthusiastic response with which The Joneses was received by audiences and the industry alike.” With these titles international film financier Premiere Picture continues to champion its drive to co-finance high quality, independent films, typically bringing finance of up to 15% of a film's budget, with the last six months seeing US$25million committed to co-financing of a prominent slate of films including, amongst others, Jonathan English's Ironclad , Pimp starring Billy Boyd and Danny Dyer and Yann Samuell's The Great Ghost Rescue . PERRIER PREMIERES AT TORONTO September 2009 Premiere Picture are pleased to announce that Perrier's Bounty, the darkly comic rollercoaster ride of a crime drama scripted by multi-award winning playwright and script writer Mark O'Rowe (Intermission, Boy A) will premiere at the Toronto International Film Festival 2009 this September. It will feature in the Special Presentation which is a showcase of high-profile films featuring major stars and directors from around the world. The film, produced by Alan Moloney from Parallel Films and Stephen Woolley and Elizabeth Karlsen from Number 9 Films, whose last production How To Lose Friends & Alienate People opened Number 1 at the box office in UK and Ireland, was part financed by Premiere Picture alongside Bord Scannán na hÉireann/the Irish Film Board and Limelight. Optimum have taken UK and Irish rights. HanWay will handle worldwide sales. Directed by Ian FitzGibbon – who returns to the Festival after the success of last year's A Film with Me in It – it tells the story of the anti-hero Michael McCrea (Cillian Murphy), who is the perfect boy next door – or upstairs, if you're his best friend Brenda. Night after night, he patiently listens to Brenda's lamentations about her boyfriend Seamus's cheating heart. A real catch, right? The unfortunate matter is that Michael is estranged from his father, Jim (played by Jim Broadbent). And he owes Dublin 's most ruthless gangster, Darren Perrier (Brendan Gleeson), a lot of money. With impeccable pacing, Perrier's Bounty follows Michael during two whirlwind nights in the city as the unlikely trio dodge Perrier, bounty-hunters and the police as Michael tries to save his own life, protect an increasingly suicidal Brenda, and deal with Jim's absurdist anxiety that he will die the next time he falls asleep. From beginning to end, Mark O'Rowe's screenplay is a superb blend of light-hearted, offbeat comedy and crime-story thrills, with the perfect measure of warmth between its hard-luck characters. In Perrier's Bounty, familial bonds and romantic ties make the journey out of the Dublin underworld all the brighter. PREMIERE CLOSE DEAL ON PERRIER'S BOUNTY November 2008
Premiere are delighted to announce along with Parallel Films and Number 9 Films that production has commenced on Perrier's Bounty, starring Cillian Murphy, Jim Broadbent and Brendan Gleeson. The film is being directed by Ian Fitzgibbon (A Film With Me In It) from a script by Mark O'Rowe (Boy A, Intermission).
PREMIERE PICTURE SLATE EXPANDS – CANNES UPDATE 20 May 2008
UK film finance house Premiere Picture has reached agreement to provide more than $30 million of finance to a range of projects, and is looking to add further pictures to its slate in Cannes . Newly signed pictures include “Welcome to the Rileys”, and “The Diary”, in collaboration with Future Films. “Welcome to the Rileys” is the second feature to be directed by Jake Scott. Ridley Scott is executive producer, alongside brother Tony Scott, John Wells and Michael Costigan as well as Future Films' Stephen Margolis and HandMade's Guy Collins. Rileys is shooting under a new venture between Scott Free, Future Films and HandMade Films. “The Diary” is the latest project from Oscar-winning director Bille August. Premiere Picture also said that it is adding broadening the range of funding arrangements under its unique Sovereign sole trading structure. Said Premiere's Adam Betteridge: "As well as being attractive to investors, Sovereign finance offers a number of benefits for producers, normally providing them with around 10-25% of the unsold territory value acquired in exchange for a negotiable recoupment corridor. The projects do not need to be British qualifying but should have strong commercial elements, and be in the $5-20 million budget range. We also look at projects with budgets outside this range on a case-by-case basis.” SOVEREIGN SOLE TRADERS CONTINUE TO RIDE HIGH AFTER AUTUMN 2007 PRE-BUDGET REPORT Following Chancellor Alistair Darling's debut pre-Budget report on Tuesday October 9th, the continued focus by Her Majesty's Revenue and Customs on tax avoidance schemes was one of the less widely reported issues. Financial advisers, tax accountants and their clients have seen a number of arrangements designed to avoid Income Tax and Capital Gains Tax abolished with immediate effect. It is clear that HMRC are continuing to act swiftly against tax avoidance schemes notified under the avoidance disclosure rules. We are therefore pleased to advise that our Sovereign film rights trading proposal continues to remain unaffected, with HMRC fully aware of the tax mitigation structure we have developed. Sovereign is a financial structure in its third successful year of operation which allows high net worth individuals acting as sole traders to trade film rights for profit. The structure is one of the few unaffected by the changes in UK Government treatment of film schemes earlier this year, largely as it is based on trading rather than tax avoidance. Premiere Picture Services acts as agent managing the day-today trade, including sourcing suitable film rights from film producers, arranging their purchase and their ongoing exploitation. The key features of Sovereign are:
The present unpredictability in the financial markets and the continued HMRC moves against tax avoidance schemes present much uncertainty for individuals and their advisers. By contrast, our Sovereign proposal provides a highly attractive return on capital with the added benefit of individuals being able to shelter income and capital gains tax. THE WORKS UK DISTRIBUTION HAS ACQUIRED UK RIGHTS TO RICHARD ATTENBOROUGH'S 'CLOSING THE RING' Screen Daily - Wendy Mitchell in London, 15 Oct 07
FILM FINANCIER PREMIERE PICTURE APPOINTS HEAD OF NEW BUSINESS DEVELOPMENT AND CLIENT COMPLIANCE Premiere Picture continues to extend its operations and has appointed Kevin Williams to head up new business development and client compliance. Kevin joins Premiere from the international tax team at Thomas Eggar Solicitors where he was primarily responsible for practice and business development. He has wide experience of tax planning for high net worth individuals, family companies and entrepreneurs both in and outside the UK, ranging from personal tax planning through to the creation of offshore private family trusts and tax efficient structures. Adam Betteridge, Chief Operating Officer of Premiere Picture, said: “Kevin's extensive experience in business development and in both financial and tax planning will help us to fulfil our ambitious growth strategy, building on the continuing high level of interest in Premiere Picture Sovereign, our successful sole trader rights trading product. With Sovereign being one of the few film financing products left standing after the Chancellor's review earlier this year, we are seeing an exciting period of company growth, continuing excellent commercial returns for our clients and the opportunity to back more film projects.” In addition to pure taxation advice, Kevin has significant experience of general financial planning, practice development and has written and provided comment extensively in the press. Beginning his career with HM Revenue and Customs, he subsequently moved to Ernst and Young and then KPMG for a combined period of seven years. To further broaden his experience, he then worked at a leading financial planning group with responsibility for business development and clients based in the Far East, and also with the Royal Bank of Scotland Group providing technical assistance to the group's Private Banking division. PREMIERE
PICTURE EXPANDS OPERATIONS Film financier and production company Premiere Picture is significantly extending its operations following an equity investment in the group from an offshore private equity fund. The group’s development plans include expansion of its sales and production departments, and opening a new London office which will further strengthen its relationships with the UK financing and film production community, and with City-based investors. Since its foundation in 2002, Premiere Picture has set up and advised on numerous film financing schemes and products, both in its own right and for other parties, including several Hollywood studio partnerships. The group was one of the first to use the sole trader structure, through its Sovereign product, which was unaffected by the Government’s clampdown on film financing schemes earlier this year. Sovereign is a highly flexible structure, attractive to high net worth individuals, that can also be used in financing other investments with a similar income profile, and may lead to diversification of the group’s investment structures outside the film industry in the future. Sovereign has recently backed a number of European and US productions, including Deco Entertainment’s picture, “Gospel Hill”, set to star Samuel L. Jackson, and has already raised significant funds for its summer 2007 slate. As part of the deal, a new group holding company, Premiere Capital plc, has been formed and all companies in the group, including producer/financier Great British Films, will now operate under the Premiere Picture brand. The new holding structure also enables the introduction of further capital in the future. Premiere Picture’s COO Adam Betteridge said: “This injection of capital is a significant development for Premiere, which allows us to build rapidly on the unique market position we occupy with Sovereign, one of the few film investment products left standing after UK Government announcements earlier this year. We have a strong slate of films going into production later this year, and our 2006/07 slate is already generating significant distribution income for our traders.” GLOVER,
BASSET, STILES LINE UP TO CLIMB 'GOSPEL HILL' Danny Glover, Angela Basset,
Julia Stiles, Simon Baker, Adam Baldwin and The RZA have singed
on to the political drama GospelHill
from newly launched Deco Entertainment. GLOVER,
BASSETT, RZA TOPLINE ‘'GOSPEL HILL'’: Political drama
directed and co-written by Giancarlo Esposito. *Danny Glover, Angela
Bassett and rapper RZA have been cast in “Gospel Hill,”
a film from the Los Angeles-based production company Deko Entertainment
that marks the directorial debut of actor Giancarlo Esposito. The contemporary story follows the former sheriff of a southern town dealing with past sins, and the former civil rights worker withdrawn since the martyrdom of his brother thirty years before. Their final confrontation comes when a corporation descends on the town, echoing a struggle some thirty years old. Esposito also co-wrote
the screenplay, along with Jeff Stacy and Jeffrey Pratt. Principal
photography is scheduled to begin June 11 in South Carolina.
FOX
READING 'GOSPEL HILL': By
JOHN
HOPEWELL Twentieth Century Fox
has taken North American rights to "Gospel Hill," the
first project from the Los Angeles-based production company Deko
Entertainment. Madrid-based sales consortium
6 Sales is handling international. From a screenplay by
Esposito, Jeff Stacy and Jeffrey Pratt Gordon, "Hill"
is a "coming-of-age film for the civil rights movement and
the U.S. in general," Machtus said. Deco Entertainment was
launched in early 2007 by producers Freddy Braidy, who is co-producing
"The Heart Is Deceitful Above All Things," and the upcoming
"Blonde Ambition" with Jessica Simpson and Luke Wilson;
BAFTA-winning Cerise Hallam Larkin; and Machtus, who formerly headed
up international acquisitions for Bauer Martinez Intl. PREMIERE PICTURE SCHEME UNAFFECTED BY CLAMPDOWN Tim Adler, Screen Finance March 21st 2007 Premiere Picture Sovereign, the film investment scheme run by Premiere Picture, has been left unaffected by the Treasury clampdown. Accountants and other observers say that Premiere Picture Sovereign is the “Last man standing” among the Generally Accepted Accounting Principle (GAAP) schemes recently outlawed by HM Revenue and Customs. This is because of its unique structure that differs from other GAAP schemes put out of business by HMRC earlier this month. Premiere Picture Sovereign has invested in conman comedy Save Angel Hope starring Eva Birthistle and Kill Kill Faster Faster, produced by Carlo Dusi and Kees Kasander. Premiere Picture has invested in 32 films in total representing £100 million-worth of production. Titles include children’s film Tooth, Plots With a View and Strayed, starring Emmanuelle Beart being sold by Wild Bunch. Premiere Picture Sovereign launched in December 2005 with advisors including tax barrister Jonathan Peacock and legal advice offered by DLA Piper working alongside Howard Kennedy. Accountancy firm MRI Moores Rowland is handing the accounting side. The company has also helped to develop Richard Attenborough’s new feature Closing the Ring, a love story set in the Second World War, being sold by Content Film.
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