- added a synopsis 157 weeks ago
- A young ghost loses his usual haunt and must search for a new one.
Los Angeles-based Newbridge Film Capital tells me that it wants to completely fund bigger movies from now on. Newbridge – funded by Rizvi Traverse, the U.S. investor in ICM -- has until now been a gap financier, working with banks to cover up to 40% of projects’ budgets. But Newbridge co-managing director Diane Stidham tells me that's become increasingly difficult over the last few years. The pre-sales market is patchy. Most distributors wait to see the finished movie. This means Newbridge’s money can be “out” as long as 18 months.
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