The new trilogy of
Highlander V,budgeted between $12-$14m, is due to start shooting in
Through its new initiative,
In addition to sourcing thesenior and gap funding,
This follows on from
"The big differencehere is that Grovesnor is now doing what might beregarded as more conventional film funding - funding against pre-sales and gap,previously the domain of banks and other financiers," Sequence's GuyCollins told ScreenDaily.
The key innovation, Collinsadded, is that all the services are offered at a single source. "From ourpoint of view, we just have to deal with one lawyer, one set of contracts andone credit committee...for a company like ourselves (this) means we canconcentrate more of our resources in the key area of marketing and sales thanthe potentially endless process of financial knitting."
According to Grosvenor Park's Dan Taylor: "What happens toofrequently is that the various constituents of the financing spend inordinatetime and energy fighting over their respective needs and priorities, which oneoverall facilitator can cut right through and achieve everyone's needs in afraction of the time and legal costs simply by the reduction of partiesinvolved."
Producers Peter Davis andBill Panzer (Davis-Panzer productions) delivered the first 30 pages of the newHighlander script before
The deal was negotiated byLee Solomon and Yadin Shemmerfor