That's the trend in the marketplace. Projects which work are director driven or have good names attached. Giving up foreign rights for 15 years. You can predict a certain buying pattern of movies in certain territories. The UK has developed a banking product which may have supported the financing of Phoenix Entertainment - a TVC credit enhancement for the gap.
Banks are now in the insurance policy business with gap financing.
Kagan asks if Sighvatsson's model on investing equity in an independent can work. Lakeshore's financing consists of a combination of jv's, self-financing, and real estate investments from Chicago. Sighvatsson's philosophy from the beginning was to produce small films. Studios just can't make films as cheaply as indies can. Independent distributors worldwide are hungry for product.