Update: Variety has a new report on this financing deal which changes the equation. In short, it says the funds from Worldview are gap financing, which is not at all what was reported earlier. To sum up, the production is doing foreign rights sales in Cannes, which we knew, and which Braff had disclosed weeks ago. Traditional loans against those sales may not come in fast enough to get the production going on schedule. So Worldview is, in essence, loaning that money to the production now so that it can move forward.
Producer Stacy Sher says “Worldview may end up providing nothing at the end of the day beyond the gap loan depending on how we do in Cannes.”
If Variety is accurate, then any assumptions made about “full financing” from Worldview could be quite wrong, as would be conclusions (such as mine) drawn from previous reports. (Zach Braff later updated his Kickstarter page with the same information, which we’ll take as accurate.) Our original article follows, and we’ll update as calls are returned or other info comes in.
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Zach Braff earned a big following with Scrubs and had one of the bigger breakout indie hits of the past decade when he wrote, directed and starred in Garden State. Now he’s starring in a smaller new film, The High Cost of Living, which is hitting VOD this week before getting a limited theatrical release. The movie has got some good notes, and as Zach Braff has promoted it one question naturally comes up: why hasn’t he directed anything since Garden State? (“That’s the question every reporter is asking me,” he said to Movieline.)
The answer to that question is pretty simple — he didn’t want to make a shitty movie — but it’s better to read it in his own words. Plus, the actor says he’s soon to make a film called The Devil and the Deep Blue Sea, with Chloe Moretz and Jessica Biel. Read More »
Welcome to another edition of Movie Playlist, where we talk to the writers, directors, and stars about their favorite films. I’ve always found the celebrity playlists on iTunes to be interesting. Most everyone in the film business moved to Hollywood after discovering their love of films. And I’ve always love talking to people about their favorite films. So talking to the people who make the movies about their favorite films just seemed like a natural idea.
Nanette Burstein is the Academy Award nominated documentary filmmaker behind On The Ropes and The Kid Stays in the Picture. Her latest film American Teen follows five high school students through their senior year. I hate to oversell the movie, but it’s literally one of my favorite films of the year.
Nanette Burstein: There are certain directors whose films, I could just watch them endlessly. Alexander Paine, I’m a huge fan of.
Peter Sciretta: You know, I saw a lot of like Election in American Teen…
Nanette Burstein: Yes, Election definitely influenced this film… Like the shots of the kids when you hear their voiceovers and they’re on the bed, I totally took that from Election. There was the night before election where there’s all these dolly shots into all the main characters and their thoughts and like they’re all crane…
Peter Sciretta: It was like those crane shots.
Nanette Burstein: Yeah, those shots are amazing, and that’s what inspired me to do that.
Nanette Burstein: There’s definitely different homages in this film, like Garden State which I love there’s this scene when Hannah goes to the party and she’s alienated and the way I cut that scene was completely influenced by that scene in Garden State where he’s alienated at the party.
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