Organization lends hand to troubled films
LONDON — The U.K. Film Council has stepped in to rescue the Ealing comedy “St. Trinian’s” and Julian Jarrold’s “Brideshead Revisited,” which were caught up in the government’s recent tax crackdown.
Both pics were due to receive financing from so-called GAAP funds, which were outlawed on March 2.
The U.K. Film Council’s Premiere Fund will plug part of the financing hole by investing £1.3 million ($2.55 million) in “St. Trinian’s” and stumping up an extra $294,000 on top of the $2.35 million it had already committed to “Brideshead.”
“St. Trinian’s,” directed by Oliver Parker and Barnaby Thompson, will start shooting Sunday, a week later than scheduled.
Entertainment Film Distributors is the U.K. distributor, with equity from the Premiere Fund and bank financing from Investec replacing Ingenious Film Partners, the GAAP fund that was supposed to co-finance the project.
“Brideshead Revisited,” due to be co-financed by GAAP fund Scion, is finalizing its budget to shoot as planned in June.