Kevin Spacey, who will be inToronto this weekend for the premiere of his Bobby Darin biopic Beyond The Sea,is adding to his producer credentials.
Spacey and Dana Brunetti'sTriggerStreet Productions has hatched a new digital production label TriggerStreet Independent (TSI) in association with film-making brothers Adam and MarkKassen.
The new company expects toproduce three or more features a year on budgets under $1m, using digitaltechnology provided by TSI's other partners. These include Technicolor, Goldcrest Post Production, ZGC and Panasonic.
"Through ourrelationships and an ever-growing filmmaking community, we expect to attractquality filmmakers and help them deliver digital feature films that will have alevel of quality and a look and feel far beyond the actual budgets," said AdamKassen in a statement. "We expect to attract quality filmmakers and help themdeliver digital feature films that will have a level of quality and a look andfeel far beyond the actual budgets."
"We are thrilled about the possibilities of Trigger StreetIndependent and look forward to it becoming an integral part of the TriggerStreet brand", said Spacey.
"We have beenworking in this area for a few years and have been able to make numeroustechnical strides. As a result we have been approached by several topfilmmakers seeking our help in improving quality," Mark Kassen told ScreenDaily.com.
Mark Kassen saidthat projects will be selected on the basis of scripts and director, but thatTSI is not exclusively tied to projects pitched through the TriggerStreet.comonline community. "We are meeting with agents and will be looking at packages.We want to see projects with some level of attachments." Directors will beoffered "final cut" and cast and crew share in the gross proceeds of aparticular film. TSI films will be represented by John Sloss' New York-basedSloss Law and related sales company Cinetic Media.
Production andpost-production will be handled in house and projects be fully funded by TSI,without call on co-producers. Funding is provided to TSI by "British venturecapital financiers," according to Mark Kassen, though tax funding is notinvolved at this stage. "It is not a question of drawing down allocatedfinance, the money is there, I've seen it and counted it."
Although Kassendid not elaborate on the nature of the finance, Trigger Street recently struckup a relationship with Orientrose, a shell company formed by UK businessadvisory firm Griffin Group. That relationship already generated $900,000 (£500,000)for post-production on Beyond The Sea. Orientrose will be repaid with a$90,000 premium and earn 12% of TriggerStreet's share of the profits.