Is $2m - $10ma Dead Zone?
Transcription
Is $2m - $10ma Dead Zone?
$10M+ BERLIN FILM FESTIVAL 2014 CANNES • TORONTO • LOS ANGELES • BERLIN FINANCING MEDIUM BUDGET ACTION, ADVENTURE, THRILLER, SCI-FI AND CRIME FEATURE FILMS May 2014 Cannes Preview / Issue 1 Is $2m - $10m a Dead Zone? Why financiers are drawing the line for theatrical CASE STUDY: SON OF A GUN TREND SETTER ANALYSIS OF LOOPER INTERVIEWS WITH THE PRODUCERS AND FINANCIERS .......................................... Location analysis: Scotland Why World War Z, Skyfall and many more films went north .......................................... Hot projects for Cannes: Sci-fi & thrillers .......................................... Views from our $10m+ panel at 2014 Berlin Film Festival Initialize Films $10m+ Intro PREVIEW - CANNES FILM FESTIVAL 2014 W elcome to the first edition of $10m+, a new digital publication which looks at how independent action, adventure, crime, sci-fi and thriller films budgeted over $10m are put together, sold and distributed. As well as an e-zine $10m+ is also an informal club meeting at all the main markets to promote outstanding new projects, to track trends and to assist networking. We hope you enjoy our first edition and look forward to seeing you in Cannes or at other markets in 2014. Ian Davies, Editor Contents 3 Dead Zone How the $2m-$10m budget range doesn’t cut it for theatrical 6 Son of a Gun Interview with producer Janelle Landers from WBMC 8 Trend Setter: Looper In discussion with Greg Schenz 12 Location Analysis: Scotland 14 Hot Projects for Cannes: Sci-fi and thrillers Ian Davies: Managing Director/Editor Eva Lewucha: Production Director Emma Jones: Features Editor Cover image: ©Endgame Entertainment Advertisement enquires: [email protected] Editorial enquiries: [email protected] Membership enquiries: [email protected] -2- $10m+ Magazine Ltd 2014 All work is copyrighted to the author or artist. All rights reserved. No part of this magazine may be used or reproduced without permission from the publisher. The magazine is not for sale and is distributed among members of $10m+ club. Initialize Films $10m+ Trends PREVIEW - CANNES FILM FESTIVAL 2014 Dead Zone - how the $2m-$10m budget range doesn’t cut it for theatrical $10m+ Editor Ian Davies in discussion with Peter Graham, Jeff Most and Charlene Paling W ith the narrowing of focus for theatrical films, many financiers are steering clear of action, adventure and thrillers under $10m. That was the view from Berlin during the $10m+ panel featuring Peter Graham (120DB), Charlene Paling (National Bank of Canada) and Jeff Most (Most Films). “In order for it to be theatrical you need to have higher production value and good talent. What we find difficult [for theatrical] is the films with budgets between $5m and $10m because you may not get the cast you need at that level.” Peter Grahams’ concerns that action, adventure and sci-films under $10m are risky were supported by Jeff Most. CHARLENE PALING / NATIONAL BANK OF CANADA The mission of the National Bank’s TV and Motion Picture Group, which specializes in financing film projects and television series, is to offer a complete range of made-to-measure banking products and services to the film and television production and distribution industry. In addition to producers and distributors, our clientele includes post-production, special effects and equipment leasing companies, as well as studios. Flexible, customized loan and service programs: Lines of credit, Special production credits, Financing of tax credits and national and international presales as well as Gap financing round out our full banking services. Charlene Paling is currently Associate Vice-President, Commercial Banking, TV & Motion Picture Group for Ontario and Western Canada. JEFF MOST / MOST FILMS Mostfilms is a prolific feature film production company, based at Universal Studios in Hollywood, CA., that develops, finances, physically produces, delivers and assists in the sales of its feature films. Jeff Most, the founder and President of the company has over 30 years of experience in the feature film business and has produced more than 25 feature films including such international hits as THE CROW and the three sequel films in THE CROW franchise, THE SPECIALIST, GIRL, THE COURAGEOUS HEART OF IRENA SENDLER, and many others. “The vast majority of our development slate is for films with budgets over $10m. We don’t really see any opportunity to do a decent return for our investors unless it’s a theatrical cast and a theatrical director.” Charlene Paling (National Bank of Canada) agreed with this risk assessment and said that when considering gap for international at the National Bank of Canada “we are looking at the top sales agents, top cast; we are looking for a really good package and that is more often than not in the $10m+ range.” PETER GRAHAM / 120DB FILMS 120dB Films is a US-based film finance company specializing in gap, tax credit, pre-sale, finishing, P&A and bridge loans. Primary goal is assisting producers that have already raised a substantial portion of their required capital, to complete the necessary funding. Peter Graham has been actively involved in financing entertainment companies and film production for over 17 years. He has been involved in financing over 250 independent movies including KINGDOM OF TWILIGHT, SPARTAN, MONSTER, ALEX AND EMMA, MY BIG FAT GREEK WEDDING and ENGLISH PATIENT. -3- Initialize Films $10m+ Trends PREVIEW - CANNES FILM FESTIVAL 2014 Hanna dir. Joe Wright budget: $30m Hanna: Copyright by Focus Features and other respective production studios and distributors. Intended for editorial use only. The panelists brought up a number of films which were more modestly budgeted but which had not cut it theatrically. With home entertainment revenues dwindling the gap between a theatrical film with a decent theatrical release and a film which is destined for the VoD market is greater than ever before. Moreover, the risk of supporting a film which has an uncertain theatrical life is significant. Peter Graham: “If you want to do a theatrical film you need to spend more on your release than the budget. So it’s a considerable amount of money and you want to be sure that it’s a good idea to spend it.” Talent is Key At a time when there is a narrowing of focus on theatrical titles cast has become increasingly important. As Charlene Paling pointed out, “there are a few really good projects out there, but if they don’t have the right cast they won’t make it past the finishing line.” Peter Graham went further. “I think that’s the scariest part. You can have most of the cash, but if you don’t have the access to talent then you won’t get the film made.” Accessing talent is becoming increasingly difficult for independent producers. Actors are turning increasingly to high-quality TV series and franchise movies and their agents are wary of offers from independent film projects which may never get financed. Jeff Most: “Try to put yourself in [the talent agent’s] shoes, which is where I try to position myself whenever I’m dealing with them. They first and foremost are looking to have their goose laying golden eggs; they don’t want to find themselves in a position where they’ve made a recommendation that could backfire. They want to know that their talent is going to be looked after and that the film is going to be promoted correctly. It’s tougher for independent producers [than the Studios]. You have to give [the agent] a reason that they can’t say no to.” As well as a producer’s relationship to talent agents being vital to the process -4- Initialize Films $10m+ Trends PREVIEW - CANNES FILM FESTIVAL 2014 of securing cast, the experience of a project’s director is increasingly coming under scrutiny. Jeff Most: “I tend to find that many actors will literally care more about the director than even the script. And when the agent knows that this is a good director or that this actor has an affinity for the director they are happy to see the project go forward.” Charlene Paling added: “When we’re making a gap decision, we are looking at the cast and we are looking at the director as well. How reliable are they and what kind of reputation do they have, are they going to attract and keep the right people and stay on budget. That’s quite important too, when you’re independent and not a Studio you don’t have those deep pockets, where when you go over budget you have a big hole.” Berlin for international producers with $5m - $8m action/adventure/sci-fi projects was clear: either scale up, and work with partners who have strong relationships with talent agents, secure the services of a proven director, top-line cast and work with sales agents which are used to operating in this budget range; or go lo-fi, bank on home ent. sales with the potential sweetener of a limited theatrical release. EVERYTHING YOU NEED TO ROLL CAMERA Dead Zone? Although the panellists pointed out many examples of other genres performing well theatrically in the under $10m segment (for example horror films) they all agreed that action / adventure and sci-fi films were at risk of becoming non-theatrical without the package of proven director, bankable cast and sufficient production spend. Financiers spoke about $6m and $8m films which performed at a similar level as $3m non-theatrical titles, simply because they lacked the star power to generate a decent theatrical run or to justify appropriate marketing spend. As Peter Graham pointed out, “if it’s not theatrical you’re going to get the same price whether [the film cost] $8m or $2m.” With Cannes fast approaching, it will be interesting to see whether the market will continue to bifurcate. But the advice from At National Bank we have a team of experts fully dedicated to the Film and Television industry. We offer a full range of financial services that can guide you through every stage of your projects from idea to screen. nbc.ca/filmandtv Certain conditions apply. Subject to credit approval by National Bank. -5- Initialize Films $10m+ Case Study PREVIEW - CANNES FILM FESTIVAL 2014 Case study - Son of a Gun Interview with Janelle Landers, WBMC S on of a Gun, by first-time feature director Julius Avery, is one of a number of $10m+ projects which shot in Australia in 2013. Starring Ewan McGregor, Brenton Thwaites, Alicia Vikander and Jacek Koman the film is destined for a premiere in the second half of 2014. How did you get involved with Son of a Gun? JL: Tim White, Son of a Gun’s producer, approached me in 2012 to come on board as co-producer to help set the film up in Western Australia, which is where the majority of the story is set. Once on board, I was able to secure the last remaining piece of equity finance and assist Tim to access maximum Western Australia state government funding from ScreenWest. What was the proportion of shooting and post in Australia? JL: The entire film was shot and post produced in Australia. What proportion of the film’s budget came from Australian incentives? JL: Screen Australia were very supportive and provided equity investment. Combined with the Producer Offset, the Federal Government support ended up being about 57% of the budget. In addition to ScreenWest’s base funding (10% of qualifying Western Australian spend), the Western Australian govern- Janelle Landers is Director of Production and Development at WBMC Established in 2000, WBMC is a collaborative creative production company producing feature films, television programs and cutting edge interactive content. Notable productions include Wasted on the Young, an internationally released feature film acquired by Paramount Pictures; HURT, an award-winning interactive documentary about domestic violence; feature rockumentary Something In The Water; and Race Scar, an automotive television series that was the first in the world to incorporate SMS voting. WBMC has also achieved significant success with interactive projects. Internationally focused, WBMC is working on projects with partners in China, Taiwan, Ireland and the United States. ment’s investment included further incentives for Western Australian elements which amounted to about 2% of the total budget. Screen NSW post production investment accounted for about 1.3% of the budget, linked to post production in that state. All combined government support amounted to approximately 64% of the total budget. Where was the film shot? JL: Son of a Gun was shot on location in Perth and the remote mining town of Kalgoorlie in Western Australia, with a few scenes shot in Melbourne, Victoria. The film was largely post produced in New South Wales. What were the challenges you faced during the shoot? JL: Even though Son of a Gun had a larger than average budget for an Australian -6- Initialize Films $10m+ Case Study PREVIEW - CANNES FILM FESTIVAL 2014 film, it was an ambitious production for its budget - lots of stunts, car chases and location moves. It sounds mundane, but one of the biggest challenges was moving the unit from Perth to Kalgoorlie to Melbourne - Australia is a big place! Big budget films can accommodate those kinds of relocation costs more easily, but for an independent film like Son of a Gun we had to plan all our moves very carefully to make sure costs didn’t get out of hand and so we could maximise the on-screen value for the film. What was the involvement of the other (finance) partners in the film? Gap finance was provided by Media House Capital from Canada and the Producer Offset was cash-flowed by Fulcrum Media Finance. Equity partners included Deluxe Australia and private investors from Australia and New Zealand (approx. 10% of the total budget). What is the process of applying for the Australian offset? JL: An Australian producer can apply to Screen Australia for a Provisional Certificate that operates as a guide as to how much money the producer can expect to claim back under the Producer Offset and to assess whether the film will pass a “significant Australian context” test which looks at things like key creatives, setting, story and cast and crew. Producers can then borrow against the Offset and cashflow that loan into the budget. When the film is completed the producer applies to Screen Australia for a Final Certificate which is then submitted with the production company’s tax return to the Australian Tax Office which pays out the Offset (less any pre-existing tax liabilities). “Official co-productions” automatically pass the SAC test. It’s an easy system to understand but there are some idiosyncrasies. All the information is on the Screen Australia website. At what stage could you apply to Screen Australia for production finance? JL: Once a film’s finance plan is complete and offers from a domestic distributor and a ROW sales agent have been received. Screen Australia is always ‘last in’. -7- Initialize Films $10m+ Case Study PREVIEW - CANNES FILM FESTIVAL 2014 TREND SETTER? - Looper In discussion with Greg Schenz A lmost 20 months on from its Toronto premiere, Looper continues to be an important reference for producers pitching new sci-fi projects. From strong word of mouth following its premiere in Canada, the film went on to top just over $110m internationally and $66m domestically, scoring impressive numbers in China ($20m+) and Australia ($12m+) in particular. We caught up with Executive Vice-President of Business & Legal Affairs of Endgame Entertainment Greg Schenz to assess Looper’s role in the spawning of the high number of sci-fi titles heading to Cannes. Looper was the third film by Rian Johnson following the much-acclaimed Brick and The Brothers Bloom. Like his previous two films Johnson penned Looper, but the scope of Looper was much more ambitious, and once Tristar, Endgame and Film District had come on board, the film needed to perform at a level that was expected for a c. $30m spend. It was a risk. “The sci-fi element was definitely viewed as a negative in the marketplace”, comments Schenz. Despite this, the producers and financiers were keen to back Johnson’s vision and Looper went on to garner strong reviews in Toronto and then post impressive box office numbers. And rather than inhibiting the film’s success, the sci-fi element may well have contributed to it. Greg Schenz is Executive Senior Vice President, Business & Legal Affairs at Endgame Entertainment. Greg Schenz heads the business and legal affairs department at Endgame Entertainment. Previously Schenz worked at Beacon Pictures in a similar position, as well as VP of Buisiness and Legal Affairs at Intermedia and International Film Guarantor. Endgame Entertainment is a privately backed independent production and finance company based in Los Angeles. The company has been involved in more than 30 feature films including Hotel Rwanda, An Education, I’m Not There, White Noise and The Brothers Bloom. “I think the [sci-fi] trend has a lot to do with the current political and economic situation in the world more than anything. It’s a reason to step back from the reality of the world and address social issues from the safety of a sci-fi world. Films like Looper probably have more substance to them [than the average thriller] and talk to an audience on a different level.” Looper is, of course, not alone, in translating a futuristic dystopian society into box office gold; as Looper was released, franchises were being built around other films which used the dystopian context as well. Looper was different to The Hunger Games and Divergent, in that it was not adapted from a book, but it was similar in that it used basic genre underpinnings to its story, as Schenz points out. “Looper is a thriller with sci-fi elements. The trend is also for genre films which -8- Initialize Films $10m+ Case Study PREVIEW - CANNES FILM FESTIVAL 2014 have a sci-fi context.” China Another way in which Looper has been a trend setter, or at least contributed to a trend, is the way in which the producers steered the project towards the Chinese market. Looper’s plot was transplanted from Paris to Shanghai and Endgame brought on Chinese company DMG as coproducers and co-financiers. It was a good move. Firstly the film was recognised as a US–Chinese co-production, allowing it to by-pass the quota system; and secondly the film performed outstandingly well in China with box office receipts exceeding more than $20m. There’s no doubt that Looper’s success in China has convinced many producers of indie films to look East for co-production partners and many scripts, for better or worse, now have Chi- nese elements. The figures are, admittedly, dazzling. More than 1.3 billion potential cinemagoers, twenty-five thousand screens to be built in five years…. However, producers looking to quickly plug a hole in their finance plans might be disappointed. Schenz: “We had been working for couple years prior to [the production of the film] trying to set up a China fund which ended up not being fruitful. I think we were in the market too early, even five years ago we were ten years too early. But through that process we met a lot of people and gained a lot of contacts and DMG was one of them. They also have an office here in the US so it was kind of a smooth negotiation and they understood what we needed. If you look at similar projects to Looper, China as a market is definitely something you need to factor in.” Looper: Copyright by Endgame Entertainment and other respective production studios and distributors. Intended for editorial use only. -9- Initialize Films $10m+ Case Study PREVIEW - CANNES FILM FESTIVAL 2014 Special Effects Another legacy element from Looper was the production team’s decision to focus on gritty sci-fi, with effects to match, rather than sci-fi as a computer-generated show. Schenz: “There were a lot more realistic special effects in Looper. We went back to the grunge look. We did not rely on a lot of CGI.” Sequel? With Looper succeeding financially as well as critically it was tempting to make a sequel, and try to build on the franchise model which has become so dominant in Hollywood. However, currently there are no plans to re-boot Looper or to build a franchise. “Ryan is not thinking about a sequel of Looper at the moment. Instead we are moving forward with Selfless which is a thriller with sci-fi elements, but quite a different film.” Selfless is written by Alex and David Pastor, directed by Tarsem Singh and like Looper produced by Ram Bergman, James D. Stern with the addition of Peter Schlessel. Singh’s previous films include Immortals and Mirror Mirror. Looper’s legacy has been significant. Not only for similar projects which will be brought to the Croisette but also for Endgame as well. As Schenz points out, “I think we’re fast on the way to becoming known for this type of film.” - 10 - FILM IN SCOTLAND FOR THE PERFECT LOCATION For a fast, free, confidential location-finding service, award-winning production companies, experienced crew and great facilities, contact us today. www.creativescotlandlocations.com E [email protected] T +44 (0) 141 302 1723/35 The Black Cuillin hills on the Isle of Skye from the road to Glen Brittle, Inner Hebrides. Photo: Ian Paterson/Scottish Viewpoint. Photo: Hannah Houston © Edinburgh International Film Festival - 11 - Initialize Films $10m+ Location Report PREVIEW - CANNES FILM FESTIVAL 2014 Location Analysis: Scotland T he recent announcement that Creative Scotland will increase its maximum production award by 66% from April 2014 is part of a significant move towards boosting the production sector in Scotland. The news comes as Creative Scotland announced the appointment of law firm Lee & Thompson partner Natalie Usher as incoming Director of Film and TV, starting in May 2014. Usher has strong experience in structuring film deals for Scottish and international productions and is a popular appointment. Buachaille Etive Mor Glencoe © Scottish Viewpoint Secondly, Scotland’s ability to attract $10m+ projects has been impressive with films such as Prometheus, Skyfall, The Fast and the Furious 6, The Railway Man, World War Z and Harry Potter all shooting there. And thirdly, Scottish films continue to be feted. Black Camel’s Sunshine on Leith (more than £4m at UK box office), Crab Apple Films’ 71 (in competition in Berlin), Sigma’s Under the Skin (sold worldwide by FilmNation) and Starred Up (sold to Fox in the UK and winner of a BIFA), Makar’s Let Us Prey (winner of Meliée d’Argent Nicole Kidman and Colin Firth in The Railway Man The announcements come in the wake of calls for an increase in government funding for film and television production which parts of the media have interpreted as a sector in crisis. Although the Independent Producers Group Scotland have been lobbying the Government and Creative Scotland for more money to be made available to the film sector (Creative Scotland’s budget for film and TV is around £4m), the Scottish film and TV sector has, in fact, had quite a lot to celebrate. Firstly in October 2013 Starz and Sony TV brought Outlander to Scotland, the largest TV series ever to be made in the country. - 12 - Initialize Films $10m+ Location Report PREVIEW - CANNES FILM FESTIVAL 2014 The Black Cuillin Hills Isle of Skye © Scottish Viewpoint award for Best European Feature at Brussels Fantasia) and Singer Film’s God Help the Girl (winner of Best Ensemble cast at Sundance) are all results of a vibrant producing community. The Railway Man filming at Perth Station courtesy of Creative Scotland Influenced by Outlander and similar larger-scale productions, international producers are increasingly looking to come to Scotland for more reasons than just utilising the backdrop of the Highlands or the Georgian architecture of Edinburgh. “Glasgow doubled for Philadelphia for World War Z, London for Fast and Furious 6, and San Francisco for Cloud Atlas. So there is more to Scotland than some producers realise. More recently we’ve had sci-fi projects, historical epics, urban thrillers, a whole host of projects that are keen to come here and shoot,” commented Locations Manager for Creative Scotland, Brodie Pringle. Visiting producers, such as The Railway Man’s Andy Paterson, have complimented Scottish crews and their technical expertise which continues to increase as a broader range of film and TV productions shoot there. On the finance side Scottish producers are able to combine Creative Scotland investment with investment from BFI, other UK nations (although like Creative Scotland funding these are selective awards and are decided on a project-by-project basis), as well as the UK tax credit. With several producers creating strong links to private investment sources (both EIS and non-EIS) and international co-producers, productions can be set up efficiently and quickly. Industry guests will be able to find out more about incentives and filming in Scotland at the UK Film Centre on Scotland Day, 20th May. More details are available at www.weareukfilm.com Fast & Furious 6 filming in Glasgow © Glasgow Film Office - 13 - Initialize Films $10m+ Projects Base PREVIEW - CANNES FILM FESTIVAL 2014 Hot projects for Cannes: Sci-fi & Thrillers C annes will once again attract lawlessness, emotional voids, malevolent rulers, tales of revenge and the impending apocalypse. James Schwartzer eyes the hot sci-fi and thriller picks for Cannes where dystopian world views are very much in vogue and relationship-skewed sci-fi and quest-based thrillers are top of the must-have buys. Sci-fi Mister Smith’s Equals has a script written by Moon scribe Nathan Parker, Drake Doremus (Like Crazy) directing and Kirsten Stewart and Nicholas Hoult starring all of which makes it one of the hottest titles in Cannes. The sci-fi drama is being produced by Ridley Scott, Michael Schaefer, Ann Ruark, Jay Stern and Chip Diggins. In Equals, a society in the future is threatened by a disease which causes its victims to feel emotion, something that is considered by the rulers of the society, The Collective, to be undesirable. The film is slated to be shot in Japan and Singapore this summer. FilmNation will be selling sci-fi thriller Story of Your Life directed by Denis Villeneuve and starring Amy Adams. The film, which is currently in prep, centres on a linguist who is tasked to communicate with aliens in order to determine if they are friend or foe. Lava Bear Productions and 21 Bears are producing with FilmNation. The script was adapted by Eric Heisserer from a short story by Ted Chiang. Villeneuve’s cred is high from the success of Prisoners and sales are expected to be strong. FilmNation also has the sci-fi drama The Rover which will get a midnight screening in Cannes. The film, directed by David Michod (Animal Kingdom), stars Guy Pearce and Robert Pattinson and is set in the near-future where lawlessness reigns. Filmed in Australia last year from a story by Joel Edgerton and written by Michod expectation is high for the film which is produced by David Linde (Lava Bear Films), David Michod (Blue-Tongue Films) and Liz Watts (Porchlight Films). Elysium ©QED International Embankment brings the UK sci-fi adventure film Robot Overlords written by Jon Wright and Mark Stay, directed by Wright and produced by Piers Tempest, Steve Milne, Justin Garak and Ian Flooks with Aidan Elliot and Robert Norris coproducing. As the title suggests, the film depicts a future world with robots as rulers and humans as subjects. To say that life under the robots is not particularly pleasant would be something of an understatement – humans are not allowed out of their houses and if they are caught breaking the rules they are incinerated. The film was shot in Northern Ireland and the Isle of Man last summer. Special effects are - 14 - Initialize Films $10m+ Projects Base PREVIEW - CANNES FILM FESTIVAL 2014 Hot projects for Cannes: Sci-fi & Thrillers being provided by Nvizible which recently opened an office in Belfast. Financiers include Pinewood Studios, British Film Company, BFI, Northern Ireland Screen and the Isle of Man Media Development Fund. Fast rising sales and production company XYZ Films will continue selling sci-fi drama Parts Per Billion which they launched in Berlin. The film, which stars Rosario Dawson and Josh Hartnett, was recently picked up for the US by Millennium. Parts Per Billion focuses on the decisions three couples have to make in the face of a biological catastrophe which threatens to destroy the world. The film will be directed by Brian Horiuchi, and has Jennifer Levine, Michael Benaroya, David Dickson, Kevin Scott Frakes and Molly Hassell producing. Voltage will bring Prisoner of War to the Croisette, a sci-fi thriller which centres on humankind’s last ditch fight against an alien invasion. Produced by Nicholas Chartier and Zev Foreman for Voltage, Roy Aitken and Ben Pugh from 42, James Harris from Tea Shop & Film Company and Brian Kavanagh-Jones from Automatik, the film will be helmed by TV director Jon Miale. Altitude will continue selling several sci-fi projects already launched at previous markets. Included on their slate are two completed films about alien invasion / alien encounters namely Outpost 37, directed by first-time feature director Jabbar Raisani and Hangar 10, directed by first-time feature director Daniel Simpson, as well as sci-fi action film The Call-Up directed by Charles Baker and produced by Matt Wilkinson and John Giwa-Amu. Total Recall ©Original Film Thrillers eOne recently announced a key title at Cannes, Eye in the Sky, which will be directed by Gavin Hood (Enders Game) and stars Colin Firth. Set to shoot in South Africa in the summer, the film is being produced by Ged Doherty and Colin Firth of Raindog Films and Xavier Marchand of eOne. The film centres on a commander of a drone mission who is tasked to capture a group of terrorists. Lionsgate International is bringing Sicario which stars Benicio del Toro and Emily Blunt and will be directed by Denis Villeneuve. The film teams Villenenuve with producer Edward McDonnell who worked together on Prisoners. Other producers are Basil Iwanyk of Thunder Road Pictures, and Thad Luckinbill, Trent Luckinbill and Molly Smith of Black Label Media. Sicario is the story of a US police officer who teams with two mercenaries to track down a Mexican drug lord. - 15 - Initialize Films $10m+ Projects Base PREVIEW - CANNES FILM FESTIVAL 2014 Hot projects for Cannes: Sci-fi & Thrillers Voltage intends to breathe life into the erotic psycho-thriller with not just one but two femme fatales in Knock Knock, the latest from Eli Roth. The film stars Keanu Reeves and is produced by Miguel Asensio and Nicolas Lopez of Sobras International, Colleen Camp and John T. Degraye of Camp Grey, and Eli Roth. Lockout ©EuropaCorp IM Global has the revenge thriller Remember which teams Serendipity Point Films once again with Atom Egoyan. Ari Lantos produces for Serendipity with Jens Meurer from Egoli Tossell co-producing. The film, which stars Christopher Plummer, will go into production in Toronto this summer. Egoyan will of course be in Cannes with the thriller The Captive which is in competition, premiering on 16 May. The story centres on a father who tries to rescue his kidnapped daughter. Starring Ryan Reynolds and Scott Speedman the film is produced by Atom Egoyan’s Ego Film Arts and Stephen Traynor, Simone Urdl and Jennifer Weiss of The Film Farm. The film is being sold by eOne. ring Jake Gyllenhaal and Rene Russo. The film, directed by Bourne Supremacy writer Dan Gilroy, centres on the underground world of LA freelance crime journalism Australian thriller Son of a Gun starring Ewan McGregor and produced and sold by Altitude, will be given a market screening on 15 and 17 May, with many buyers signaling interest. Buyers will also be keen to see some smaller budgeted thrillers which are being screened or introduced on the Croisette. These include Director’s Fortnight titles These Final Hours by Zak Hilditch, an Australian apocalyptic thriller, produced by Liz Kearney, in association with XYZ Films and sold by Celluloid Nightmares; Memento Films’ US thriller Cold In July, directed by Jim Mickle and produced by Adam Folk, Rene Bastian, Linda Moran and Marie Savare de Laitre, with Backup Media and Memento funding; and Altitude’s UK thriller Catch Me Daddy, written and directed by first-time feature director Daniel Wolfe, and produced by Emu Films and financed by Lip Sync, Screen Yorkshire, BFI and Film 4.0. As usual there will be a number of under-the-radar surprises and we will bring you a review of Cannes market activity in the next edition of $10m+. Sierra/Affinity will sell the US thriller Nightcrawler, currently in post and star- 16 -