Mark Gill — the former head of Warner Independent Pictures who ankled in May — is teaming with Neil Sacker, a fellow Yari Film Group and Miramax Films vet, to launch the Film Dept., a production banner aiming to make six pics per year budgeted at $10 million-$30 million.
People close to the deal said last week that the unit is still in its early planning stages and won’t launch until next year. But Gill and Sacker have been working with investment bank Allen & Co. to secure backing of a projected $200 million.
Equity investment would make up $75 million, and the rest would be debt financing.
Gill declined comment.
An Internet report posted last week inaccurately stated that Deutsche Bank had already come aboard with financing. In fact, that bank is just one firm with which Allen & Co. is talking about a possible deal.
Known as a marketing maven, Gill also has former ties to Miramax and Yari: He was the Los Angeles-based prexy at Miramax for eight years before briefly working at Yari’s Stratus label.
He then moved in 2003 to WIP, where he oversaw releases including “Good Night, and Good Luck” and “March of the Penguins.”
Sacker was chief operating officer at Yari, the shingle behind recent best picture Oscar winner “Crash.”
(Nicole LaPorte in Hollywood contributed to this report.)