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DAILY NEWS: Lion’s Gate Gets “Cheerleader”; Lipsky’s at Lot 47; IFP/West Joins LAIFF

DAILY NEWS: Lion's Gate Gets "Cheerleader"; Lipsky's at Lot 47; IFP/West Joins LAIFF

DAILY NEWS: Lion's Gate Gets "Cheerleader"; Lipsky's at Lot 47; IFP/West

By Eugene Hernandez & Maya Churi/indieWIRE

>>Lion’s Gate acquires Jamie Babbit’s “But I’m A Cheerleader”

(indieWIRE/3.6.2000) — Following a rough few months Jamie Babbit‘s “But
I’m A Cheerleader
” has finally found a new home with Lions Gate Films.
After being acquired by Fine Line at last year’s Toronto International
Film Festival
, Babbit’s film went on to a successful screening at this
year’s Sundance Film Festival — but the deal between Fine Line and
Ignite Entertainment (the producers of the film), went sour last
month after the two companies couldn’t come to an agreement
regarding the video portion of the deal. Now, after a few weeks
back on the market the film has been picked-up by Lions Gate
who has set a July release date.

“But I’m A Cheerleader” is a comedy that stars Natasha Lyonne and Clea
as two young women who fall for each other at a camp where they
are sent to cure their homosexuality.

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This acquisition is the fifth for Lions Gate in recent months.
Other acquired films include “Two Family House,” “Love and Sex,”
The Eyes of Tammy Faye,” and “Beyond The Mat.” Next month they
will be releasing the much anticipated “American Psycho” by
Mary Harron. [Maya Churi]

>>Lipsky Joins Lipsky at Lot 47; Company Announces Two Acquisitions

(indieWIRE/3.6.2000) — October Films Co-Founder Jeff Lipsky has exited
his top post at Samuel Goldwyn Films to take the role of President and
COO at Lot 47 Films, the company started by his brother Scott last year.
Additionally, the company has announced two film acquisitions: Aiyana
‘s Sundance 2000 award-winner “The Ballad of Ramblin’ Jack” and
Tonie Marshall‘s Cesar-award winner, “Venus Beauty Institute” (Venus
beaute institut). Both movies will be released this fall.

“Rambling Jack” won a special jury prize at Sundance 2000, while
“Beauty Institute” won the French Cesar awards for best picture,
best director, best screenplay and best young actress.

Scott Lipsky, Chairman and CEO of the venture, formed Lot 47 Films
last year, with his brother Jeff on board as a consultant, and the
venture is distributing Tim Roth‘s directorial debut, “The War Zone.”

Discussing the outfit with indieWIRE in July of last year, Scott Lipsky
explained that the company will ultimately have a dotcom component. He
said, “Theatrical is very important, but you cannot avoid the Internet
long term — you cannot avoid broadband long term.”

As indicated in the July indieWIRE article, Lot 47 is determined to
build a movie library of indies that fall through the cracks and
release them both theatrically and online. “There is an endless
reservoir of high-quality independent films out there that have
fallen through the cracks,” Scott Lipsky indicated in announcing the
new company, “We’re going to retrieve them and give them a second
chance at success in a totally new and revolutionary ways.”

The Coen brothers, the Farrally brothers, the Hudson brothers, and
the Polish brothers have all distinguished themselves as filmmakers.
It’s about time a pair of siblings gave the Weinsteins a run for their
money in distribution,” commented Jeff Lipsky in a prepared statement.

[Eugene Hernandez]

>>IFP/West Signs on as Co-Producer of LAIFF 2000; Festival Poised to Announce Lineup

(indieWIRE/3.6.2000) — The Independent Feature Project/West (IFP/West)
has announced the details of its partnership to co-produce one of the
highest profile film festivals on the west coast, The Los Angeles
Independent Film Festival
(LAIFF). Finalizing a union that began in
the Fall, the IFP/West announced Friday that it is co-producing the
6th annual LAIFF (April 13 – 18, 2000).

Richard Raddon, who joined the LAIFF last year as Festival Director,
told indieWIRE on Friday that while the Festival’s organizational
structure and ownership remains intact, IFP/West staffers have been
an active part of the planning process for the 2000 event. IFP/West’s
Alex Nohe is serving as one of the programmers for the Festival — a
larger LAIFF lineup is expected to be announced today.

As the IFP/West assumes a role developing sponsorship opportunities
for the LAIFF, Raddon indicated that the move is the first stage of
what will hopefully be a long-term relationship with IFP/West. “This
is the first year of this association,” he offered, “We hope that it
will blossom into a larger association in the future.”

IFP/West executive director Dawn Hudson told indieWIRE on Friday that the
pact is part of her organization’s “mission to expand the audience for
independent films.” She explained, “None of our other programs are
designed for the public — nothing else we do so directly impacts the
consumer audience for independent films — that’s why we were excited
to participate.” Hudson indicated that member benefits have not yet
been determined.

“We help a lot of filmmakers at the beginning of the cycle,”
continued Hudson, “And now we get to help them later in the cycle.”

[Eugene Hernandez]

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