Money: Toronto-based financier for Joker has made movies into ultimate yield play - PressFrom - Canada
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MoneyToronto-based financier for Joker has made movies into ultimate yield play

21:45  08 september  2019
21:45  08 september  2019 Source:   thestar.com

Joaquin Phoenix on ‘Joker’: “It Was One of the Greatest Experiences of My Career”

Joaquin Phoenix on ‘Joker’: “It Was One of the Greatest Experiences of My Career” Joaquin Phoenix wrestled with playing the Joker before he signed on to Todd Phillips’ latest film. The actor talked about coming to terms with the role at a Q&A following the North American premiere of “Joker” at the Toronto Film Festival on Monday night. “I mean honestly, it wasn’t an easy decision at first,” Phoenix said. “I didn’t f–king know. I didn’t. But then there was something that was drawing me toward it. It just evolved as we worked together. It started becoming something more than I anticipated. It was one of the greatest experiences of my career.” Phoenix’s interpretation of the Joker comes as Warner Bros.

The new Joker trailer is a twisted mix of Robert De Niro's three best Scorsese movies . Q: Making a film about the Joker without Batman is obviously as senseless as having Abbott without Costello, so who play Batman and why isn't he credited?

‘Tis the season for movie lovers. How do we know? Because today marks the start of the Toronto International As usual, Yahoo Entertainment will be on the ground covering all the buzziest movies and Phillips has promised that Joker won’t be your typical comic book movie , and that’s certainly

Toronto-based financier for Joker has made movies into ultimate yield play© Tijana Martin Jason Cloth, head of Toronto-based Creative Wealth Media, is shown at his office in 2018. For the Joaquin Phoenix-starring Joker, Creative Wealth helped provide $25 million (U.S.) of the film’s $55 million in production costs.

Jason Cloth manages risk in his film-financing business just like he did as an investment banker, scrutinizing deals with one big question in mind: “How do I not get screwed?”

That means staying focused on business and not getting bedazzled by the glitz and glamour of Hollywood.

“People play on the vanity of it,” Cloth, 53, said in an interview at Bloomberg’s Toronto office. “But if you strip away the vanity, bright lights and you run it as an asset-backed lending play, then you just dig into the value and understand it.”

Todd Phillips Says Joaquin Phoenix’s Joker Won’t Meet Robert Pattinson’s Batman

Todd Phillips Says Joaquin Phoenix’s Joker Won’t Meet Robert Pattinson’s Batman “Joker” director Todd Phillips isn’t optimistic when it comes to a future meeting between Joaquin Phoenix’s Joker and Robert Pattinson’s recently announced Batman “No, definitely not,” he told Variety when asked if the pair would appear in a future film together. 

Joker is a 2019 American psychological thriller film directed by Todd Phillips, who co-wrote the screenplay with Scott Silver. The film, based on DC Comics characters

These key financiers , from Megan Ellison to Len Blavatnik to Charles D. King, have the taste, savvy and, most important, the money to say yes to a film project What follows is a guide to the top 25 players in the indie finance scene of 2018, people who have the money to back movies they believe in.

The approach appears to be working. The founder and chief executive officer of Toronto-based Creative Wealth Media has poured more than $750 million (U.S.) into backing films over a decade. That’s made him one of the biggest private financiers in the industry and generated returns of 8 per cent to 11 per cent for investors of the firm’s debt fund, according to Cloth.

Critical acclaim

What may be Creative Wealth’s biggest money maker is about to be released: Joker (starring Joaquin Phoenix), which is being shown at the Toronto International Film Festival Monday after premiering to critical acclaim in Venice, where it won the top prize Saturday.

The movie could draw as much as $263 million (U.S.) in the U.S. and Canada after its opening in theatres Oct. 4, according to an estimate from Exhibitor Relations Co. With a budget well below typical superhero films, Joker could turn a tidy profit for Creative Wealth, which helped provide $25 million of the film’s $55 million in production costs.

Joaquin Phoenix visits Toronto subway station to support vegan campaign

Joaquin Phoenix visits Toronto subway station to support vegan campaign TORONTO — "Joker" star Joaquin Phoenix stunned Toronto subway passengers with a surprise visit that briefly clogged a downtown station's platform and stairwells. The movie star made the afternoon appearance just before rush hour to view an underground publicity campaign promoting veganism, but did not speak to onlookers or board a train. Phoenix spent about five minutes wandering past transit riders to view black-and-white images of farmed

Joker is Todd Phillips’s reimagining of the Batman villain as a nervy madman, played by Joaquin Phoenix The James Mangold movie should have plenty of throwback appeal, as should Dolemite Is My The studio A24, which translated TIFF acclaim into an Oscar win for Moonlight a few years ago

Accord Financial Corp. has closed a transaction through its Accord Financial Inc. to make a strategic investment in the Santa Monica- based film and television financier BondIt Media Capital for an undisclosed price.

Two other big projects are lined up right behind. Bombshell, about the Roger Ailes Fox News scandal, stars Nicole Kidman, Margot Robbie and Charlize Theron, and Apple TV’s The Morning Show, with Reese Witherspoon, Jennifer Aniston and Steve Carell.

Backing a winner is no easy feat in a field that famously devours money and relies on often-capricious audiences. The Birth of a Nation, which Creative Wealth backed, generated a lot of Oscar buzz in 2016 but flopped at the box office. Recent bombs include Dark Phoenix, a superhero film that prompted a huge write-off at Walt Disney Co., and The Kitchen, a Melissa McCarthy action movie that Cloth also backed, but took in just $14.7 million worldwide.

Alternative debt

To manage risk, Cloth’s strategy is to lend to multiple projects, secure the backing of top studios, and surround himself with trusted people — including a team of ex-investment bankers. His clients include Canadian pension funds, high net-worth family offices and individuals.

‘Joker’ Gets Eight-Minute Standing Ovation at Venice Premiere

‘Joker’ Gets Eight-Minute Standing Ovation at Venice Premiere The premiere of “Joker” at the Venice Film Festival drew an eight-minute standing ovation Saturday night for actor Joaquin Phoenix, director Todd Phillips and the gripping but harrowing origin story they’ve mapped out for Batman’s arch-villain. Phoenix and Phillips were joined in the Sala Grande by Zazie Beetz, who also stars in the film as Phoenix’s character’s neighbor. Robert De Niro, who plays a talk-show host, did not make the trek to the Lido. Buzz in Venice had been growing steadily around the Warner Bros.

Movies & TV Stack Exchange is a question and answer site for movie and tv enthusiasts. It only takes a minute to sign up. The mafia guy doesn't seem to have much of a reaction to this comment, though (the "my half" part,) it's more that he's shocked about the fact that the money is burning in the first place.

He has paid for college educations for personal employees and students from Rwanda, and spent millions on a project to develop a thinking and feeling The lurid details of the case have captivated wealthy circles in Palm Beach and New York and transformed Mr. Epstein, who shuns publicity and

“We focus on being an alternative debt shop,” Cloth said. “We’re an asset-backed lender, we just happen to take intellectual property as the asset, the collateral for our loans. Within every pension, there is a small allocation for alternatives and trust me, we are as alternative as you’re going to get.”

Unlikely start

The Toronto native started his career as a fixed-income economist at Canadian Imperial Bank of Commerce, but left to start an alternative investment company focused on high-yielding assets not correlated to markets. It was there he was approached by two men to loan $20 million (Canadian) to launch a new Canadian artist. “After I stopped laughing,” he said, he decided to invest a more modest sum in the artist known as The Weeknd.

It was Cloth’s only deal in the music industry, but it helped introduce him to people in film and television, a sphere to which he’d always been drawn, and led to the start of Creative Wealth. One of the first films he backed was indie flick Tumbledown with Bron Studios, who he’s now closely partnered with.

“We came to an understanding: I can bring you all the capital you need to grow, but when things go off kilter, which they do in the film world, I need the studio to stand behind me,” Cloth said.

Joaquin Phoenix on His Joker Transformation: ‘You Start to Go Mad’

Joaquin Phoenix on His Joker Transformation: ‘You Start to Go Mad’ VENICE, Italy—Joaquin Phoenix’s Arthur Fleck, the mentally-ill antagonist at the center of Todd Phillips’ Joker, is without question the most deranged version of the DC supervillain to ever hit the screen. 

2018 is the release year for a lot of book-to- movie adaptations, and there are a ton of novels we loved that will make it onto the big screen. For now, you have plenty of time to read the following books before they're big movies !

Several pranks have gotten the jokers in trouble with the police. Since then, he has also started a podcast with fellow joker Sal Vulcano called "What Say You?" The Jokers have made many imaginary characters for the show including: Larry, Santiago, Forehead Jeff, The Deluca Boys, Irene

Starting off with $5 million (U.S.) in loans from friends and family, Creative Wealth now has a $300-million debt fund and a $300-million equity fund.

Debt fund

In an environment of shrinking bond yields, Cloth said he’s got investors knocking on the door. The financier is aiming to boost his debt fund to $750 million by the first quarter of next year, including an additional debt raise with Canaccord Genuity Corp. for $200 million. He said he’s also in talks with other big studios for an additional equity fund.

Partnering with Bron has helped Creative Wealth win financing rights to several big hits, including Joker, the Batman-less tale co-written by director Todd Phillips about how a failed comedian got so twisted.

Creative Wealth won a share of the project partly in exchange for a commitment to bring Warner Bros. ideas from Bron Studios in the future, Cloth said. “They need to distribute other things that are not their tent poles. They’re relying on companies like Bron to bring them top-end intellectual property.”

Curve balls

Getting backing by well-established Hollywood powerhouses is key to surviving as streaming grows, Cloth said.

“The streamers are a real problem for the indie film space: If you’re not some sort of event, people would rather stay at home and watch it on their personal screen,” Cloth said. “If you don’t have that huge marketing push of a major marketing studio behind you, boy oh boy it’s a tough slug.”

So far this year, the top-five grossing films account for 33 per cent of the box office ticket sales. In 2015, that sort of box office concentration was less than 25 per cent.

The business can always throw up a surprise. Cloth was proud to back The Birth of a Nation. Then decades-old rape allegations against its director and lead actor, Nate Parker, resurfaced. Parker had been acquitted at trial. It drew only about $7 million at its opening weekend.

“It’s still one of my most proudest films, but it’s also a cautionary tale,” Cloth said. “You’ve got to dig into your filmmakers and stars and you have to have the fortitude to say if there’s smoke, you might want to stay away. Film is risky as it is.”

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