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Edward Lawrence Conley III

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Posts posted by Edward Lawrence Conley III

  1. The cost argument will not work currently as the prices for LED are just way too high.


    Mole 900watt LED Fresnel...$4,197.00

     

    (1200 watt HIM equivalent)

     

     

    Arri T2 Tungsten Fresnel $917.00 add 130 more for BD

     

     

    The cost right now isn't anywhere close to what a student could afford :)

    and you can find cheaper Tungsten-used market.

     

     

    • Upvote 1
  2. the arms will never really get bent from use- there's just no way you could put a load heavy enough on the arm without bagging the crap out of the stand.

     

    For rentals they're usually bent from being on the bottom of a pile of other stands, thrown in to the back of the van and then the sandbags are loaded on top :)

  3. Hi Mark,

     

    Here in the USA, the M18 is a wee bit too much power draw for household/location receptacles BUT you can turn the ballast to 50% and it will work.

     

    Granted , you only get 1/2 power but it may be enough.

     

     

    Client called me Saturday early am for a light for a quick interview he had to do on a Hotel balcony. Only thing I had in the shop were my M18s.

     

    Worked out just fine for him at 50% and never had a problem with tripping the circuit breaker.

  4. One of the assessments in the entertainment side is whether or not the production has secured distribution; Domestic and foreign.

     

    It goes BEYOND the completion part.

     

     

    I am following it.

     

     

    You seem to not believe the words from a guy (not me) who works in the financing world of entertainment, goes to work M-F working on exactly these deals that you think don't exist.

  5. They do exist, the law firm exists.

     

    As I mentioned the risk is relatively low because despite the losses getting more press there are more money making productions completed than ones that lose money. Worldwide distribution has lowered the risk even more.

     

     

    It is basically a completion bond.

     

    "Completion bonds are often standard pre-project material for any large construction project or complex project involving large sums of money and/or multiple investors. They are a longstanding tradition in the entertainment business, where many variables can come into play which may affect the completion of a large movie project.

    A third party guarantor will assess the risk to the projects completion and collect a premium for insuring the particular risks to a given project being completed on time, and on budget. Investors become much more likely to get involved, knowing that the project will be completed enough to be sold so they can recoup their investment."


  6. Richard, so I did more research over our weekly dinner.

     

    Technically he said, yes a bond but it comes from an insurance company.

     

    He also said it is relatively risk free for the bank: because the bank isn't looking for nor can they predict a blockbuster- they are looking at recovering their loan, just like any other loan.

     

    You ask for 20 million from the bank to make the movie. The Bank takes a brief look all of the possible revenue avenues that the film can use to make back the 20 million plus the interest.

    It is the collateral for the loan. He said, surprisingly that all of the deals will make back the original loan money. Actually making a blockbuster return is a different beast but the bank doesn't care because they are only concerned with their original loan amount.

     

    and the 20 million is bonded- the borrower has to buy the "insurance" on the return of the 20 million, it's written into the deal.

     

    The bank recovers the 20 million whether or not the movie actually makes a dime.

     

    Now the Bond company takes a microscope to the project- they get the script, look at the producer(s) director, actors etc. before they issue the bond because they are the ones taking the risk.

     

    As far as a project directly funded by a studio he couldn't say because he doesn't work on any of that as they have their own in house financing but from his experience they would have to do somewhat similar financing. A studio like Disney can also cross collateralize the bigger projects.

  7.  

    Yeah Landon is quite correct, there is no such thing as, "flop insurance." If there was, Disney would of broken the insurance company long ago. :)

     

    R,

     

    Of course there's no real

    "flop Insurance" but the financing deals are so deep there are law firms that work solely in this area to protect the money, and yes there is insurance for the deal.

     

    Of course things can go bad, Relativity is an example but in general most finance deals put together to fund a movie have been worked out by lawyers that specialize in film finance.

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