Magazine article Screen International

AFM Finance Conference: Eurozone Crisis Not Disastrous for Film Deals

Magazine article Screen International

AFM Finance Conference: Eurozone Crisis Not Disastrous for Film Deals

Article excerpt

Executives on AFM panel note less top dollar projects at AFM but strike positive note on current market

Industry and finance executives, including Ashok Amritraj (Hyde Park Entertainment), Doug Hansen (Endgame Entertainment), Robert Hayward (Summit Entertainment), Patrick Russo (The Salter Group) and Jared Underwood (Comerica Bank) struck a positive note on the current film market at the first panel discussion of the AFM finance conference, yesterday.

What are your expectations for this market, asked moderator Steve Fayne: "I think it's early days. I'm hearing that the higher end independent buyers have come out with their checkbooks. I think it's going to be a very good market," said Ashok Armitraj.

"If you ask a sales agent how a festival is going, they are naturally going to say it's going fantastic," said Underwood, to laughter. "After Cannes and Toronto there is a lot of confidence. However, the $20m film market, the area we deal with, has been very strong and my sense of this market is that there is less of that product than in Cannes."

Asked about how the Eurozone crisis might affect the credit worthiness of distributors, Underwood continued: "A year and half ago we thought we'd see a lot of defaults, but in fact we've seen very few. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.