Cinema Libre is developing a feature version of John Perkins’ “Confessions of an Economic Hit Man,” his behind-the-scenes memoir about the global banking structure and Third World Development.
Los Angeles-based Cinema Libre, which specializes in producing and distributing social issue films such as “Uncovered: The War on Iraq,” plans to begin production on “Confessions” in mid-2011.
Cinema Libre chairman Phillipe Diaz will produce. He’s announced that the company’s secured $25 million in European financing for “Confessions” and plans to disclose the writer and director shortly.
“Confessions,” first published in 2004, has sold a million copies in 30 languages. The tome recounts Perkins’ work on behalf of the U.S. government and corporations to persuade underdeveloped countries to accept massive development loans that could not be repaid.
“John’s book reads like a thriller but it is the first book to explain how the multi-national corporations played a shell-game to indebt third-world countries,” Diaz said.
Cinema Libre has released more than 100 films including the Oliver Stone docu “South of the Border.” It will release “Namibia: The Struggle for Liberation,” directed by Charles Burnett and starring Danny Glover, later this year.