Luc Besson’s upcoming sci-fi epic Valerian and the City of a Thousand Planets is said to be a lot of things (see the generally positive word of mouth and early critical reviews), but one thing it is unlikely to become is a commercial bomb. Due to a known funding method – full-equity financing – the visionary filmmaker has already evaded the normal budgetary practices typically used for major films such as this.
This is not an unprecedented approach in Hollywood, either. Such recent, successful movies as La La Land, Loving, Moonlight, and John Wick have all benefited in one way or another by either equity financing or foreign sales. However, the budgets on these respective films are significantly lower than Valerian‘s, and thusly, required far less financing than Besson’s endeavor.
As explained by Wired‘s Adam Rogers, full-equity financing refers to “when the producers find people willing to invest in a movie against its future performance and use that money to pay for production.” Afterward, they sell the movie to a distributor, often times by showing it at a festival. It is a method of funding that is generally reserved for indie pictures (such as Nocturnal Animals) that have far less of a budget than Valerian‘s reported $209.68 million. Given the picture’s sizable price tag, alternate measures needed to be taken as well: enter the foreign-sales model.Read More...
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