8 films bask in Limelight
London fund earmarks $51 millionOrganizers behind the new film financing outfit Limelight Fund, which is able to front tax credit cash on a slate of movies collectively budgeted at as much as £200 million ($401.2 million), have handpicked a slate of eight movies with budgets totaling £25.1 million ($51 million).
David Parfitt, an Oscar winner for "Shakespeare in Love," has teamed with fellow producer Christopher Figg and lawyer Michael Henry to launch the fund, and the initial slate of projects includes one from Parfitt and one from Figg (HR 5/1).
The Limelight Fund will invest in Parfitt's £5 million ($10 million) "Bunch of Amateurs." Andy Cadiff will direct from a script co-written by writer-broadcaster Ian Hislop and comedy writer Nick Newman. Cadiff most recently directed "Chasing Liberty," which Parfitt produced for Warner Bros. Pictures.
At the discreet launch of the Limelight Fund held in a central London hotel Tuesday, Parfitt said casting was being finalized on "Amateurs" and that the fund cash will be used to bankroll the British tax credit to the tune of about 14% of the budget.
Figg also has been allocated Limelight backing for the tax credit on his upcoming movie "Finding Bin Laden," which carries a budget of £3.4 million ($6.8 million).
Other film producers with projects on the Limelight slate include former Ken Loach producing partner Sally Hibbin, Keith Evans ("Green Street") and Stephen Evans ("The Madness of King George").