So you wanna be in (independent) pictures? Now you can, for $50,000 |
| Published: July 18, 2008, 11:11 pm |
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By JIM FUQUAY By some estimates, 7,000 to 8,000 independently produced films are completed each year. Most never see the light of a projector bulb.But some do, and a few, most recently Juno, go on to pull in millions of dollars at the box office, video store and syndication. Now a Fort Worth money manager wants to give well-heeled investors a shot at participating in a winner without taking too much of a bath on the inevitable losers.Riley Hutto Wealth Management said it has created Independent Film Capital Llc., in partnership with Los Angeles-based IndieVest, a 2-year-old firm that will review scripts and oversee film production and distribution. Riley Hutto’s job is find people with at least $50,000 to invest in independent films.Bill Riley and Greg Hutto started their firm in January after working together in the investments industry for a decade. They are the first in what IndieVest founder Wade Bradley hopes will be a stable of investment advisers who will offer his [ Full article ] |
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