‘Joker’ Backer Bron Confirms “Shifting Business Model” & Staff Turnover
14.10.2022 - 18:37
/ deadline.com
Bron, the Canadian financier which had slate deals with WB and MGM, has confirmed that it is downsizing and changing course.
Rumours have been swirling for a couple of months that the Joker 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 statement continued: “Over the years we’ve been behind many talented filmmakers and films, and helped launch some incredible companies who are doing great things. We have amazing creative partners and are excited to continue building our IP moving forward.”
As previously reported, the company is working to secure new corporate investment as it restructures its business 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 slate for now, others may move on.
The diminution of a film financier, especially one which backed movies including Joker, Licorice Pizza, Bombshell, The Addams Family, Greyhound, Cyrano, Queen And Slim and Judas and the Black Messiah, is never something