Friday, October 9, 2009

SONY SHUTS DOWN DEVELOPMENT...but there's hope at Bruckherimer's!

With studio belt-tightening the way of the world today, producers are finding alternative sources of funding to buy the projects that interest them. Variety reports that Jerry Bruckheimer is quietly securing a three-year, $20 million development fund through Barclays Bank. The news comes just as The Los Angeles Times reports that Sony Pictures is all but halting spending on development until April 1, the start of its next fiscal year.

To continue reading, follow the link below:
http://www.hollywoodwiretap.com/?module=news&action=story&id=41190

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