Letter to the Editor: Joshua Fuoco

Editor, Variety:

An article in the Feb. 19-25 issue of Variety contained several inaccuracies concerning Gold Coast Prods. and its activities to raise funding for “The Director.”

Communications and seminars for potential investors have always represented projected returns on investment as “potential returns.” These potential returns of 200% once ancillary sales are incorporated are not as tenuous as you suggest, given the box office sales achieved by similarly sized projects.

Contrary to your article, Gold Coast never claimed last May to have raised $26 million. Rather, it has optioned five scripts that could be made with total production budgets of $26 million.

Finally, Mr. Ronald Flynn, who is chief executive officer of Gold Coast, has numerous industry contacts at the highest levels both in Australia and abroad.


Joshua Fuoco

president-executive producer, Gold Coast Prods

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