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LAIFF Creates Production Fund

Indiewire By Indiewire | Indiewire February 4, 1998 at 2:0AM

LAIFF Creates Production Fund
0

LAIFF Creates Production Fund

by Mike Jones




The L.A. Film Collaborative, presenters of the Los Angeles Independent Film
Festival
, announced their expansion into production with the Production
Grant Program. Consisting of a goods-and-services package, the PGP will
assist three projects a year by "significantly reducing" their cash
budgets. Contributors so far include Kodak, CFI, Panavision, and Imperial
Bank
who will provide a financial consultant to the winning production.
Kodak will provide a 20% discount for up to 100,000 feet of 35mm film
stock, Panavision will donate a camera package, and CFI will give a 30%
discount for lab services on top of their usual discount to indie
filmmakers. "The Production Grant Program gives us a structured way to send
information to someone who is new to this. At the same time we'll be
ensured we're getting something of quality, someone who has made it through
the rigors of the competition," stated Morgan Rector, President Imperial
Bank's Entertainment Group.


Submitted projects must be helmed by a first or second-time director and be
budgeted at under $1 million. Screenplays and other required materials are
first reviewed by script readers. The top five projects are then sent to a
jury of five industry professionals who will bestow the grant to the
highest scoring project based on the script, pre-production materials, and
an interview to access the team's ability to complete the film. The jury in
the first cycle include: Jonathan Dana, Producers Rep; Beau Flynn,
Partner/Producer, Bandeira Entertainment; Michelle Manning, President of
Production, Paramount Pictures; John Sloss, Attorney/Executive Producer,
and Bobbi Thompson, Agent, William Morris Agency. Other cycles to award
additional projects will involve a different a jury. The first selection
will be made in June.


LAIFF Founder and Director Robert Faust told indieWIRE that "there are a
lot of good projects that need to be found and we'd like to create the kind
of energy to help them get made." Faust stressed that the program will help
all projects that are submitted by offering professional script coverage
and a listing outlining key project info in a tri-annual Production Report
to the industry.


[Deadlines for the first submission period is April 17th. For more info,
contact the LAFC at 213.937.9155]