Hogan’s Oz pic taps U.S. investors

As the deadline draws near for potential investors to take a stake in Paul Hogan’s new $ A35 million ($ 23.5 million) film “Lightning Jack,” major backer Village Roadshow Pictures has announced that the Bank of New York has begun a program of American Depository Receipts (ADRs) to allow U.S. investors to participate alongside their Australian counterparts.

The ADRs will become available once the Aussie issue closes on Friday, and the units become officially quoted by the Australian Stock Exchange.

They’re believed to account for several millions of dollars worth of involvement.

The Bank of New York’s move follows various approaches by U.S. brokers; bank believes the ADRs program is likely to enlarge the market for the pic via a more diversified exposure across the U.S.

Past halfway point

No information is yet available about how the film has fared Down Under. Unofficial estimates put the raising at around $ A22 million ($ 15 million) to date.

Lead broker Morgan Stockbroking is underwriting $ A25 million ($ 16.7 million) of the film’s raising.

Per Village Roadshow, “Lightning Jack” is in the final stages of pre-production and is due to start shooting Aug. 9 in Santa Fe and Colorado.

As previously announced, Cuba Gooding Jr. is headlining alongside Hogan.

More Film

  • Steph Curry Variety Cover Story

    Stephen Curry Takes a Shot at a New Game: Producing for Hollywood

    As the deadline draws near for potential investors to take a stake in Paul Hogan’s new $ A35 million ($ 23.5 million) film “Lightning Jack,” major backer Village Roadshow Pictures has announced that the Bank of New York has begun a program of American Depository Receipts (ADRs) to allow U.S. investors to participate alongside their […]

  • BFI Sets Out Widespread Plans to

    British Film Institute Sets Out Proposals to Boost U.K. Indie Film Sector

    As the deadline draws near for potential investors to take a stake in Paul Hogan’s new $ A35 million ($ 23.5 million) film “Lightning Jack,” major backer Village Roadshow Pictures has announced that the Bank of New York has begun a program of American Depository Receipts (ADRs) to allow U.S. investors to participate alongside their […]

  • Robin Hood

    Hungary Raises Production Incentive from 25% to 30% (EXCLUSIVE)

    As the deadline draws near for potential investors to take a stake in Paul Hogan’s new $ A35 million ($ 23.5 million) film “Lightning Jack,” major backer Village Roadshow Pictures has announced that the Bank of New York has begun a program of American Depository Receipts (ADRs) to allow U.S. investors to participate alongside their […]

  • King Cohen review

    Film Review: 'King Cohen'

    As the deadline draws near for potential investors to take a stake in Paul Hogan’s new $ A35 million ($ 23.5 million) film “Lightning Jack,” major backer Village Roadshow Pictures has announced that the Bank of New York has begun a program of American Depository Receipts (ADRs) to allow U.S. investors to participate alongside their […]

  • 'The Equalizer 2' Review

    Film Review: Denzel Washington in 'The Equalizer 2'

    As the deadline draws near for potential investors to take a stake in Paul Hogan’s new $ A35 million ($ 23.5 million) film “Lightning Jack,” major backer Village Roadshow Pictures has announced that the Bank of New York has begun a program of American Depository Receipts (ADRs) to allow U.S. investors to participate alongside their […]

  • BiFan: ‘Worm’ and ‘Soul Searching’ Claim

    BiFan: ‘Worm’ and ‘Soul Searching’ Claim Bucheon’s NAFF Awards

    As the deadline draws near for potential investors to take a stake in Paul Hogan’s new $ A35 million ($ 23.5 million) film “Lightning Jack,” major backer Village Roadshow Pictures has announced that the Bank of New York has begun a program of American Depository Receipts (ADRs) to allow U.S. investors to participate alongside their […]

More From Our Brands

Access exclusive content