There's a New Bank in Town

New York-based Adirondack Pictures has let loose the gates of hope for most likely thousands of filmmakers (see Variety). Claiming a 100% equity baed fund seeking to produce or invest in three to five films a year, with a likely price tag between $5 and $15 million, Paul Hardart and his brother Tom "are willing to selectively provide gap, bridge and P&A financing."

Leaning on his experience running Universal Focus("Being John Malkovich," "Pitch Black"), Hardart will look to partnerships with distributors and/or producers to secure product and placement.

While it's not clear exactly how much was raised -- no total was given and until commitments are made this could be more in the league of Endgame rather than Walden -- it emphasizes again that there is palpable interest in the return that smaller films can provide over a slate.