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iW NEWS | Gill and Sacker Launch Film Department

iW NEWS | Gill and Sacker Launch Film Department

New independent film finance, production and international sales outfit The Film Department, headed by former Warner Independent Pictures president Mark Gill and former Yari Film Group COO Neil Sacker, has announced a $200 million foundation upon which to build their company. The Film Department, officially opening its doors in two weeks, plans to fully finance six films per year, budgeted between $10 – $35 million. In the words of an announcement today, “It plans to make star-driven, commercial pictures at the high end of every genre that appeal to a worldwide audience (notably thrillers, dramas, comedies, romantic comedies, action and horror films).” While Gill is on board as CEO of the new company with Sacker serving as president and COO, the two are running it as a partnership and first worked together at Miramax in 1995, according to the announcement. Based in West Hollywood, The Film Department expects to have nearly 40 employees. “There’s a perfect storm of favorable conditions for our new business: strong international demand for star-driven, lower-cost, high-quality films,” Gill said in a statement, adding, “A decrease in North American studio in-house production combined with a substantial increase in distribution capacity; and greater star willingness than ever before to make independent films.”

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