Palisades’ $5 mil to finance indies

'Pauly' pic first to get coin with $1 mil commitment

HOLLYWOOD — Palisades Pictures Entertainment Group has created a $5 million revolving financing and marketing fund to cover print and advertising costs for independent distributors and filmmakers.

The first film to benefit from the fund is the directorial debut of Pauly Shore, “Pauly Shore Is Dead: You’ll Never Wiez in This Town Again!” The film received a $1 million print and advertising commitment following its premiere at the Slamdunk Film Festival in Park City, Utah.

Vincent Roberti, Mark Severini and Richard Lorber head Palisades, which also provides discounted media placement, as well as advertising and marketing services.

The company recently worked with Cowboy Booking to provide similar services for Lynne Ramsay’s “Morvern Callar.”

“Palisades’ financial support has allowed us to be able to open ‘Morvern Callar’ in more theaters and other markets, exposing the picture to a greater number of people who would not have had the opportunity to see this film otherwise,” Cowboy Booking chairman John Vanco said.

The investment firm MR Beal & Co. acted as advisers in developing and structuring the fund.

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