HSX creates indie studio

CANNES — The Hollywood Stock Exchange — the Internet game that lets players pretend to trade showbiz companies, stars and films like stocks and bonds — has taken a step toward the real thing with the creation of an indie production company and five slated pics.

The company is run by Michael Burns, who created the Internet game. Burns has acquired a line of credit for the Exchange with Imperial Bank.

HSE already has one pic in post-production, another shooting in three weeks and three more set for summer and fall. Each is budgeted in the $2 million to $3 million range.

They include:

“Mixed Signals,” a comedy written and directed by Sasha Gelbart (son of writer Larry Gelbart) and Eric Tipton. Pic is completed. Leanna Creel produced. Cast includes Jason London and Brooke Langdon. Showcase Entertainment is handling foreign sales on the project.

“The Blade,” a Lance Mungia-helmed post-apocalyptic actioner. Jeff Falcon stars and Creel again produces. Pic is shooting in Death Valley. Overseas First Look is set to handle the foreign.

“Dancer, Tex., Population 81,” a drama about four high schoolers in Texas. Breckin Meyer, Eddie Mills and Ethan Embry are set to star. Tim McAnlis wrote and is directing. Producers are Peter White, Dana Schaffer and Chase Foster. Overseas First Look is also handling foreign.

“Crossing for Concerto,” a drama with Minnie Driver set to star as a woman who has a unique relationship with her Stradivarius violin. Claudia Graziosa is directing and writing. Producers include Creel and Steve Helvey. Pic will lense in the fall in Gotham.

“The Last of Joe,” a drama about a woman rancher in Montana. Elliott Lewitt and Chris Eberts are producing.

Burns said that HSE will look to promote its pics as part of its game, which has grown considerably in its first six months.

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