Saturday, March 7, 2009

And Now the Chapter I Didn't See Coming...The One Where We Turn Down Money

Well this is weird. The crazy Third World Bollywood musical gets its first potential equity investor capable of injecting the kind of money that in itself could pay for a low-budget movie, and it looks like we'll end up refusing the money because it would make the production ineligible for some pretty cool location rebates down the line. (Our fault for not reading the fine print properly.)

I suppose on the positive side it's great to know that you have a viable commercial product that folks want to make a substantial investment in, but on the negative...I fear that we're in a tough position because we're making the kind of mid-budget picture, less than 20M but more than 1M that nobody makes anymore...

Apart from the folks that made a little movie called Slumdog Millionaire which suddenly has lots of folks looking again at our project.

Yep, I'm choosing positive.
Positive, positive, positive... but I'm really, really hoping that the next private equity offer, we can take.

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