EXCLUSIVE: After working together selectively on the indie film hits Half Nelson, Blue Valentine and the recently wrapped The Place Beyond The Pines while separately making 20 films over the past seven years, producers Lynette Howell and Jamie Patricof have partnered in a new company. They’ve launched Electric City Entertainment, and say they have raised several million dollars in money to option and develop material. They aim to continue finding emerging independent filmmakers, like Half Nelson‘s Ryan Fleck and Anna Boden, and Blue Valentine‘s Derek Cianfrance, who helmed The Place Beyond the Pines. But they also want to work on larger-scale independent films in the $10 million-$30 million range, and have the chance to grow with those filmmakers as they take on more ambitious fare.
Strong producers have reasserted themselves in the changed indie film landscape. Several years ago, the market became flooded with bloated-budget films from a deep pool of hedge fund money and studio-backed art house distributors, and anybody could do it. Indies crashed along with the economy, and the indie game has re-emerged as a more disciplined game. Producers with strong filmmaker and funding relationships are thriving. Howell and Patricof felt they could do that better working together on all their projects. Crystal Powell and Katie McNeill will be production VPs, and Mark Tuohy director of development. (more…)