British films take another hit!

With the revelation that GAAP fund utilities are being hit by government closures, and some finance houses are now facing liquidation because of that fact, we are one of approximately 90 films in pre-production that have suddenly lost a major element of funding without any choice but to find private equity or other investment from alternate sources. For the likes of some of the industry's larger financiers such as Ingenious, it means a radical rethink of fund options, but for others who rely for most of their business upon GAAP, or those like Baker Street Finance, it promises to be a catastrophic blow. This is not good news for the industry as a whole, and is yet another example of governmental greed at the expense of an industry they claim to want to support. But fear not, the filmmakers of Hotel Caledonia have other routes of finance sourcing, and will soon be back on track, even if it means having to rely upon shooting the picture away from UK shores entirely.

Finance Development

Well things have taken a turn for the better this week as we push forward into the last few weeks of negotiation before signatures are obtained, and the production funds start to seep into the account. With significant interest from several production entities, facilities houses, sales agencies, and distribution companies, the project seems only weeks away from finally receiving greenlight. Yaw and I have been working exceptionally hard to ensure all the bases are covered as we move into pre-production 'proper' as we have termed it. As of next week our Executive Producer, Keith, should be getting together with us over coffee for some exciting news from any one of our four main supporters - Film Max, Metrodome, Ingenious, or The works. Fingers crossed we can get on the phone to all our heads of department to give them the exciting news.