Finance done on 'American Graffiti'-style saga

Film is Patrick Read Johnson's autobiographical indie

CANNES -- The WMA/Hannaywood Ltd.'s Beverly Bridge Fund will complete financing on Patrick Read Johnson's autobiographical indie "77," which chronicles the director's journeys in Hollywood with George Lucas and Steven Spielberg.

The film, originally named "5/25/77" after the release date of "Star Wars," is a nostalgic take on the director's encounters with Industrial Light and Magic execs. "Freaks and Geeks" lead John Francis Daley stars.

BBF will provide the film with $200,000 in funding and prep it for a Toronto debut, with sales repped by WMI. "It's an 'American Graffiti'-style film about the people who made 'American Graffitti,'" WMI's Cassian Elwes said.