, the Canadian financier which had slate deals with WB and MGM, has confirmed that it is downsizing and changing course.backer has had to shed staff and will be unable to commit to big-canvas movies going forward. Indiewire had a piece up in late August which first highlighted the trouble. Bron has this week confirmed the changes.
A company executive said: “BRON is continuing to shift its business model as is the industry, and as such, there have been some changes at the company that allow us to fine tune as we look forward. We are focusing back to our core business as creative producers as it has always been about the content: animation, gaming, live-action film, tv, and non-scripted. There has been some turnover and some resetting as we focus our energies firmly on our content.
The company is working to secure new investment as it restructures its model around its digital division. The gaming element remains strong, we hear. The company won’t be out on features entirely, but is adjusting its appetite. The international film sales component will be impacted. While some projects will remain on the sales slate for now, others may move on.
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Source: Reuters - 🏆 2. / 97 Read more »