Last year around this time Lionsgate announced their new initiative to produce a slate of micro budget (sub $2 Million). Their President of Motion Picture Production and Development Michael Paseornek thought that the productions would function as an incubator for new actors and filmmakers, getting to experience the best of the independent and studio systems. This rings very true to me as it is exactly what my research project gets at. Students at NYU will gain the necessary experience needed to make the transition to the "real world" and discover some amazing talent, both in front of and behind he camera. Our micro budget slates will give our students the ability to make the films they envision while still in the safety of the university system. Project update: We are moving along nicely. We have some interest from parties looking to help raise the necessary capital. I'm happy to announce that Jay Van Hoy of Parts and Labor has joined the CRI family as one of my project mentors.
Read the original press release about the Lionsgate micro budget initiative here: http://investors.lionsgate.com/phoenix.zhtml?c=62796&p=irol-newsArticle&ID=1544330&highlight=