Future bright with 2 hires
EmptyLondon- and Los Angeles-based film financier and producer Future Films has brought two producers into the fold, with "Goodbye Bafana" co-producer Kwesi Dickson taking up a post within the company.
Dickson, part of the production team behind "Bafana," which unspooled In Competition on Sunday at the Berlin International Film Festival, will work out of the British office and is joined by Albert Martinez Martin, co-producer of the Antonio Banderas movie "Summer Rain" (El Camino de Los Ingleses), which the actor wrote and directed.
The aim is to help bridge the gap between Future's network of equity financiers and the filmmaking process.
The company, historically one of the major players in the old sale-and-leaseback tax landscape, has become one of the first to make sense of the new-look tax credit system in the U.K.
Future employed the tax credit system to bankroll "When Did You Last See Your Father?" starring Colin Firth and Jim Broadbent, being sold here by Intandem Films. Based on Blake Morrison's memoir of his father, "Father" is directed by Anand Tucker and produced by Stephen Woolley's production banner Number 9 Films.
At the same time, Future Films USA has completed a similar tax deal in Massachusetts for the movie "Shuttle," written and directed by Edward Anderson.
Future Films USA beat out stiff competition from U.S. cash-flow financiers to participate in what the company thinks is the first film tax credit ever issued by the Commonwealth of Massachusetts under the state's new film and television tax credit legislation.
Said Future Films chief Stephen Margolis: "I'm pleased to see our U.S. operation already bearing fruit through our innovative management of new state-by-state fiscal incentives. And to be first off the block in giving full value to the new U.K. tax credit demonstrates that Future's growth is in good shape. But to also have films in competition in Berlin and selling well at the market is equally rewarding."