Production Finance Market 2013
Film producers and financiers from the international market place gathered in London on 16 and 17 October for the seventh Film London Production Finance Market (PFM). The only event of its kind in the UK, the Market encourages new film financing relationships by organising one-to-one meetings between participants
From starting new business relationships, to attaching international sales companies and securing various forms of investments in companies and film projects, delegates paid overwhelming testimony to the strategic role the PFM plays as a fully global market within the international film calendar.
Film London and the market's stakeholders continue to focus on Europe as a key territory that can benefit from the commercial thrust of the PFM. Our partner MEDIA - the EU support programme for the audiovisual industry - has supported the PFM since 2009, and that funding has enabled the PFM to increase opportunities for European producers and financiers to gain access to the more commercial, ambitious international film market beyond local subsidy and bi-lateral co-production strategies.
The 2013 event also saw Film London's first ever Micro-Market, a day of meetings between micro-budget film-making teams and financiers looking for a projects with budgets of €1m and below.
Keynote speech: Co-Founder and Co-Producer of Sony Pictures Classics, Michael Barker
Legendary producer Michael Barker opened the event with a keynote speech, providing the 200 plus delegates and industry guests with an insight into successfully producing and distributing independent feature films, including foreign language films.
Sharing his wealth of experience of working with established film-makers, including Woody Allen and Pedro Almodovar, as well as emerging producers and directors, Barker outlined the director-led approach that, he said, got him and his partner Tom Bernard "where we are"
Advice dispensed, the ever-affable Barker left the gathered financiers and producers to their "high end speed dating". By the time he was upstairs opening the first Film London Micro-Market, meetings were buzzing with the sound of pitching - delegates undoubtedly fired up by encouragement and advice from a producer whose films have achieved 135 Academy Award® nominations between them.
Attending producers also benefited from two panel events. Crowd Funding: A warm fuzzy feeling or a serious new finance development? offered an analysis of the pros and cons of crowd funding, in which industry experts John Grobstein (Wefund), Olivier Kaempfer (Parkville Pictures) and Gavin Humphries (Quark Films) presented case studies and discussed where crowd funding can be genuinely useful, assessed potential pitfalls and explored how the space is evolving.
A second panel, presented in association with the 57th BFI London Film Festival, was a case study on the film A Spell to Ward Off the Darkness which screened as part of the Festival. The film is the result of collaboration between two artist film-makers, Ben Rivers (Two Years at Sea) and Ben Russell (Let Each One Go Where He May), shot in Super-16. Ben Russell and producer Nadia Turincev discussed the creative background, development and packaging process, and finance and distribution plan.
Who was there
The Market was attended by 145 delegates from 17 countries including Croatia, Denmark, Finland, South Africa, Australia, Columbia and the USA.
Leading financiers in attendance include:
- Sony Pictures Classics
- Endgame Entertainment
- Start Motion Pictures
- CIT Group
- Coutts & Co
- K5 Media Group
- Dynamo Capital
- Protagonist Pictures
- Focus Features
- Entertainment One
And from Europe Backup Media, Films Distribution and TF1 Droits Audiovisuels (France), Filmax (Spain) and Global Screen GmbH (Germany) were also among the financiers.
Just some of the 52 companies presenting projects at this year's event were:
- Amber Entertainment (Stonecliff)
- Back2back Productions (Deep Purple's Jakarta Nightmare)
- Bibi Film (Tito Il Piccolo)
- Cattleya (5 is the Perfect Number)
- Crimbil Equities (The Guinea Pig Club)
- Metaluna Productions (Games They Play)
- SamFilm GmbH (Buddha - The Inner Warrior)
- Scala Productions (Passing Clouds)
To see a full list of producer and financier attendees of the 2013 Production Finance Market:
The Film London Production Finance Market is held in association with the BFI London Film Festival and supported by the Mayor of London, the BFI, MEDIA, UK Trade & Investment and peacefulfish. The PFM also has partnerships with the Rome International Film Festival's New Cinema Network, the Melbourne International Film Festival's 37º South Market, the Ile de France Film Commission, the Toronto International Film Festival's International Financing Forum, the Nordic Co-Production Market at the Norwegian International Film Festival in Haugesund, Rio Filme-Rio Film Commission and PRIMEXCHANGE's Film Bazaar in Goa.
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