Bron, a Canadian financier who struck deals with WB and MGM, confirmed it was downsizing and changing direction.
Rumors have been circulating for two months clown Backers have had to lay off staff and won’t be able to promise future big-canvas movies. Indiewire published an article in late August that first highlighted the issue. Brown confirmed the changes this week.
A company executive said: “BRON is continuing to change its business model like the industry, and as a result, there have been changes in the company that allow us to fine-tune our outlook. We are focusing on our core business as a creative producer because it It’s always been about content: animation, games, live-action, TV, and unscripted. There’s been some turnover and some resets when we’re firmly focused on our content.”
The statement continued: “We have supported many talented filmmakers and films over the years and have helped launch some incredible companies that are doing great things. We have amazing creative partners, and Excited to continue building our IP.”
The company is working to secure new investments as it restructures its model around its digital division. Game elements are still going strong, we’ve heard. The company isn’t dropping features entirely, but is adjusting its appetite. International film sales will be partially affected. While some items will remain on the sale list for now, others will likely continue.
A decline in important film financiers, especially those who support film, including clown, Licorice Pizza, heavy bomb, adams family, greyhound, Cyrano, queen and slim and Judas and the Black Messiahpotentially disappointing news for the industry.
Source was founded in 2010 by husband and wife team Aaron and Brenda Gilbert.Recent projects include the Venetian horror film pearl and adam driver astronaut movie 65 Publishing.The last few years have been a bit rough with the pandemic, and things like Ghostbusters: Afterlife and Gucci House Not as good as expected at the theater box office. We understand that the multi-screen deal between Warner Bros. and MGM is complete.