British investment manager Nicola Horlick has revealed Derby Street Films, targeted at filling a void in indie financing by supplying development funds for films.Executives in the London-based banner, who're going to Cannes in a few days, have previously committed to "Full of Diamonds," a sixties London gangster movie to become helmed by Catherine Hardwicke black-list script "Bloodstream Mountain" Inferno's and Chuck Russell's "Arabian Nights" and action pic "Within the Bloodstream." "Within the Bloodstream" will shoot this fall in Puerto Rico and star "Haywire's" Gina Carano.Fund, that has elevated $5 million, was released within the wake from the indie film biz bouncing back with structured financing open to invest into film and worldwide purchasers positively obtaining films.Company's typical opportunities vary from $50,000 to $250,000 for script development, casting, arranging, location scouting and storyboards. Investment committee that examines projects includes DSF's Horlick and Rachel Durkin, James Gibb from Leading Edge Group, Rob Redick from Movie Package Co. and Maggie Monteith from Dignity Distribution. "Development is viewed as being high-risk, but risk could be mitigated with producers having a proven record of having films made," Horlick noted. "We are not attempting to be heroic. We are centered on earning money for the traders."Derby Street searches for projects having a obvious strategy from development to production -- ideally, slightly later-stage development projects with production potentially beginning within 12-18 several weeks and powerful creative accessories."We want to see that the director or cast with higher worldwide value are attached before we commit," stated Durkin, the DSF development director.Gibb, who also manages Leading Edge Music investment fund, asserted it's a great time for you to operate the fund. "There's such deficiencies in development finance, we have been swamped with projects from a number of Hollywood's elite producers and company directors." Gibb sources projects from his producer clientele. "We don't wish to maintain business with producers who develop a large number of projects and just make a couple of,Inch described Gibb, who also manages Leading Edge Music investment fund. "Individuals days are gone. "If you are planning to invest six figures creating a film, you best make certain it stands an excellent possibility of really getting made," described Cutting Edge's Gibb, who also manages Leading Edge Music investment fund. "We love to to utilize the producers who're centered on a couple of projects and be capable of obtain films off the floor."
