Broadcast News

Bookmark and Share
21/06/2002

'Reservoir Dogs' star backs funding for British production

'Reservoir Dogs' film star Michael Madsen is raising money through a UK Enterprise Investment Scheme, to finance a London-based film, 'Red Light Runners'.
Madsen will, via his Choctaw production company, co-produce the film with Clark Westerman.
Madsen played Mr Blonde in 'Reservoir Dogs' and is working on a high-budget Western 'Blueberry' and again with director Quentin Tarantino on 'Kill Bill' for release next year.
He plans to film 'Red Light Runners', a crime thriller, at studios and on location in and around London. It will star Madsen, along with former 'Eastenders' and 'The Krays' actor Martin Kemp, Christopher Penn ('Reservoir Dogs', 'Footloose') and Ian Buchanan ('Panic Room', 'Twin Peaks'). Madsen is currently negotiating with Harvey Keitel and Dennis Hopper to appear in the film.
Described by the Hollywood Reporter as a "sociological heist", 'Red Light Runners' revolves around petty criminals from all walks of life, who are manipulated by the film's central character (Madsen) into committing much more serious crimes.
For the scheme to go ahead, the producers have set a £2 million threshold, to be reached by 17 July. If this is not met, then investors will receive their money back. If it is successful, then the company hopes to raise £8 million in total by 15 August.
The EIS structure allows for income-tax relief and CGT deferral relief at the time of investment and returns will be free of CGT, as long as the investment is held for a minimum of three years. ommission will be payable to intermediaries.
Producer and scriptwriter Clark Westerman, who is also managing director of Red Light Runners plc, describes the film as a realistic, mainstream project, which has already won backing from some of the industry's biggest names.
"This is not a minority art film. It is aimed at the UK and US mass markets and it has the benefit of a list of well-known, highly respected actors. Many EIS films projects don't take into account US box office, where a majority of film revenue is derived," he said.
"We also have no intention of making the film for less than our targeted budget as this would negatively impact quality."
'Red Light Runners' will be directed by British music video director Nick Egan, who has worked with Alannis Morrisette, Oasis, Duran Duran, Mick Jagger, INXS, and Kylie Minogue.
Red Light Runners, www.redlightrunners.co.uk
(GMcG)
Solidmate Ltd Memory Card Hire London

Top Related Stories
Click here for the latest broadcast news stories.

02/09/2021
RED Digital Cinema Unveils New V-RAPTORTM 8K VV Camera
RED Digital Cinema® has unveiled the new V-RAPTORTM 8K VV camera, launching its first entrant into the next generation DSMC3 platform. Building on RED
31/08/2021
Customer Base At Red Bee Media Doubles
Red Bee Media is at the center of the rapidly expanding industry of streaming live and on-demand content, with the global media services company seein
29/06/2017
Future Film Skills – An Action Plan
The BFI has launched Future Film Skills – An Action Plan at the House of Commons alongside the Culture Secretary, Karen Bradley, and producer Barbara
17/11/2017
UK Studios: An International Success Story
It has often been said that Hollywood is the most recognisable film industry in the world, with hundreds of movies and television series generated eve
17/05/2019
UWL BA Film Production, Final Film Showcase
On the 30th of May at Leicester Square, the film production students from the University of West London are screening their final films. These films a
15/03/2017
Entec Sound & Light MD Receives Industry Award
Noreen O'Riordan, Managing Director of Entec Sound & Light and Head of Lighting, has received the Outstanding Contribution Award at the TPi Awards 201
27/06/2017
IFB-Funded Films Added To Galway Film Fleadh
The Galway Film Fleadh has confirmed that two further Irish Film Board/Bord Scannán na hÉireann (IFB) funded titles have been added to this year's pro
26/06/2017
Production News : Bafta albert Ambassador Releases Short Film
Rebecca Manley, a Bafta albert Ambassador, has released a short film regarding the issue of environmental damage. Titled 'Now You See It', the film, w
22/10/2018
Production News : London Mayor And Film Industry Leaders Tackle Diversity In The Film Industry
The Mayor of London, Sadiq Khan, and major film industry leaders have teamed up to tackle the lack of diversity in the film industry. Sony Pictures, H
02/08/2017
RED Raven Camera Kit Available Exclusively From Apple Store
RED Digital Cinema has revealed its RED RAVEN Camera Kit is now available to purchase at Apple.com. As RED's most compact camera BRAIN, weighing at ju
18/05/2017
Anatomy Of A Shot
I have just return from one of the most challenging shoots I have been involved in. The shoot took place over 5 days in and around Tromso in Norway. T
08/02/2019
Call For Participants To Work With The Cinemagic Festival Team
Cinemagic, supported by Film Hub NI, part of the British Film Institutes' Film Audience Network, is looking for 15-25 year olds to participate in a ne
19/04/2017
Skylark Aerial Photography Teams Up With IDP Film
Skylark Aerial Photography has teamed up with IDP Film as a Northern Office to ensure better coverage throughout England, it has been announced. Skyla
20/03/2007
London Celebrates Local Film-making Talent
ITV Local London, ITV’s regional broadband TV service in the London area, is entering into a partnership with Film London, in order to raise the profi
27/09/2017
Production News : Film4 And C4 Nations & Regions Support New Talent Programme
Independent Scottish film producer Chris Young, has announced plans for a new talent development programme on Skye in May 2018. Young shared his plans