OK, so the idea that extremely well paid luvvies need lottery money to remain extremely well paid is ludicrous in the first instance. But the way that the UK Film Council has been investing the money is insane.
No, don\’t look at the disasters they financed, look at the successes:
Predictably, The King\’s Speech, the hugely popular Hollywood-backed film starring Colin Firth, which won three Oscars, was a success for the council, having so far returned 95% of the £1m lottery money invested. A further 5% was returned by the council directly to the film\’s producers for them to invest in future productions.
They stuck a £ million in investment into a movie that pulled in $414 million globally, was in the top 200 highest grossing films of all time (note, before DVD and TV etc) and still managed not to make a profit?
Who in buggery do they have writing their contracts? Could someone give me their name? I want them on the other side of whatever negotiating table I next sit at.
Jeebus, Dear Lord Almighty, that\’s just insane.