Magazine article Variety

Pirates Wreak Havoc on Guarantees, Pre-Sales

Magazine article Variety

Pirates Wreak Havoc on Guarantees, Pre-Sales

Article excerpt

Stopping piracy "is not just about (paying for) swimming pools in Beverly Hills," says Ted Shapiro, deputy managing director, veep and general counsel for the Motion Picture Assn. (MPA), the international arm of the MPAA. It's about having enough money to make the next movie. "If you're not recouping and you're not making a profit, what are you going to plow into the next film?"

That's the point Shapiro hopes to drive home in his opening remarks at the third annual Intl. Film Finance Forum in Cannes.

"I really want to look at the way piracy has impacted the decisions that people are making about what films they can make, where they can make them, what territories they can rely on to get the financing," he says.

Shapiro says the issue is even more pressing for independent producers and financiers than it is for the six major Hollywood studios whose interests he's charged with representing through the MPA.

"A lot of films - particularly independent films - are funded by selling the rights in advance in different territories," Shapiro points out. …

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