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ThinkFilm closes Toronto office
Wednesday June 25th 2008Production on troubled indie comedy “Nailed,” starring Jessica Biel and Jake Gyllenhaal, has remained shut down for a fourth time due to financial problems.
Below-the-line crews refused to resume work this week in South Carolina after not being paid as cast members departed. Members of the Intl. Alliance of Theatrical & Stage Employees closed down the set Friday, but production had been set to resume Monday and Tuesday with a key restaurant scene to be lensed.
A person familiar with the situation indicated that production may resume at some point in Washingon, D.C.
IATSE crews also stopped production twice in May after not being paid, then resumed after receiving paychecks. The Screen Actors Guild also ordered its members to stop working on May 9 after film financer Capitol Films failed to deposit enough required money in SAG accounts set up to pay the actors.
Capitol Films was not immediately available for comment Tuesday, when its ThinkFilm arm officially shuttered its Toronto office. It’s the latest gloomy sign for the company, which was founded nearly seven years ago.
About 25 people worked in the office at the end of 2007, but the lone pair left are now ankling. Randy Manis, senior VP of acquisitions and biz affairs, and Marc Hirshberg, senior VP of finance and operations, had contracts that were about to expire.
Manis and Hirshberg, former Lionsgate execs who helped found ThinkFilm in summer 2001, both expect to stay in the indie/specialty film sector but without the headaches that have been mounting at Think.
Think, as a unit of David Bergstein’s Capitol Films, has struggled for several months to meet certain financial obligations and is the target of multiple lawsuits. The closing of its Toronto office, which leaves Gotham as the main base, had been predicted in the spring when the financial woes became public knowledge.
“I will take a bit of a breather over the summer,” Manis said. “But some interesting things have come my way, so hopefully by the fall I will be back into something. Such a tumultuous time for this business, but I am still passionate about independent film.”
As to the current state of Think, he said the company may survive its woes.
“I wish them luck,” he said. “It has not been the easiest time in the company with so many people we worked with wanting things.”
Source: Variety
Front Page, Industry News
ThinkFilm closes Toronto office
Wednesday June 25th 2008Production on troubled indie comedy “Nailed,” starring Jessica Biel and Jake Gyllenhaal, has remained shut down for a fourth time due to financial problems.
Below-the-line crews refused to resume work this week in South Carolina after not being paid as cast members departed. Members of the Intl. Alliance of Theatrical & Stage Employees closed down the set Friday, but production had been set to resume Monday and Tuesday with a key restaurant scene to be lensed.
A person familiar with the situation indicated that production may resume at some point in Washingon, D.C.
IATSE crews also stopped production twice in May after not being paid, then resumed after receiving paychecks. The Screen Actors Guild also ordered its members to stop working on May 9 after film financer Capitol Films failed to deposit enough required money in SAG accounts set up to pay the actors.
Capitol Films was not immediately available for comment Tuesday, when its ThinkFilm arm officially shuttered its Toronto office. It’s the latest gloomy sign for the company, which was founded nearly seven years ago.
About 25 people worked in the office at the end of 2007, but the lone pair left are now ankling. Randy Manis, senior VP of acquisitions and biz affairs, and Marc Hirshberg, senior VP of finance and operations, had contracts that were about to expire.
Manis and Hirshberg, former Lionsgate execs who helped found ThinkFilm in summer 2001, both expect to stay in the indie/specialty film sector but without the headaches that have been mounting at Think.
Think, as a unit of David Bergstein’s Capitol Films, has struggled for several months to meet certain financial obligations and is the target of multiple lawsuits. The closing of its Toronto office, which leaves Gotham as the main base, had been predicted in the spring when the financial woes became public knowledge.
“I will take a bit of a breather over the summer,” Manis said. “But some interesting things have come my way, so hopefully by the fall I will be back into something. Such a tumultuous time for this business, but I am still passionate about independent film.”
As to the current state of Think, he said the company may survive its woes.
“I wish them luck,” he said. “It has not been the easiest time in the company with so many people we worked with wanting things.”
Source: Variety
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Front Page, Industry News
ThinkFilm closes Toronto office
Wednesday June 25th 2008Production on troubled indie comedy “Nailed,” starring Jessica Biel and Jake Gyllenhaal, has remained shut down for a fourth time due to financial problems.
Below-the-line crews refused to resume work this week in South Carolina after not being paid as cast members departed. Members of the Intl. Alliance of Theatrical & Stage Employees closed down the set Friday, but production had been set to resume Monday and Tuesday with a key restaurant scene to be lensed.
A person familiar with the situation indicated that production may resume at some point in Washingon, D.C.
IATSE crews also stopped production twice in May after not being paid, then resumed after receiving paychecks. The Screen Actors Guild also ordered its members to stop working on May 9 after film financer Capitol Films failed to deposit enough required money in SAG accounts set up to pay the actors.
Capitol Films was not immediately available for comment Tuesday, when its ThinkFilm arm officially shuttered its Toronto office. It’s the latest gloomy sign for the company, which was founded nearly seven years ago.
About 25 people worked in the office at the end of 2007, but the lone pair left are now ankling. Randy Manis, senior VP of acquisitions and biz affairs, and Marc Hirshberg, senior VP of finance and operations, had contracts that were about to expire.
Manis and Hirshberg, former Lionsgate execs who helped found ThinkFilm in summer 2001, both expect to stay in the indie/specialty film sector but without the headaches that have been mounting at Think.
Think, as a unit of David Bergstein’s Capitol Films, has struggled for several months to meet certain financial obligations and is the target of multiple lawsuits. The closing of its Toronto office, which leaves Gotham as the main base, had been predicted in the spring when the financial woes became public knowledge.
“I will take a bit of a breather over the summer,” Manis said. “But some interesting things have come my way, so hopefully by the fall I will be back into something. Such a tumultuous time for this business, but I am still passionate about independent film.”
As to the current state of Think, he said the company may survive its woes.
“I wish them luck,” he said. “It has not been the easiest time in the company with so many people we worked with wanting things.”
Source: Variety
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