Chris Malllick Admits to Bloomberg Buissness he used "his own" $30mil to fund middle men and columbus circle movies
http://www.businessweek.com/news/201...ghts-fame.html
Christopher Mallick made his living largely off porn for almost a decade, processing credit-card payments for sex-oriented websites. Now he’s sunk more than $20 million of his own money into a film about the experience.
It’s based on a true story of mine that has been highly fictionalized,” said Mallick, 51, who spent six years as chief executive officer of Paycom Billing Services Inc.
Major studios have shuttered several independent labels as they focus on movies with budgets of $100 million or more. That’s given independent producers like Mallick who can find financing an opening to make smaller films and
take a chance on a breakout hit.
Mallick paid for the film’s marketing, as well as the $20 million production cost, says his publicist, Jesus Gil, and promoted it on adult websites. Among the promotions were 30- second spots that played before videos on sites like Pornhub and YouPorn, the spokesman said. Paramount wasn’t involved in the ad purchases, says Steven Rubenstein, an outside spokesman.Mallick’s marriage survived his time at Paycom, he said. They were divorced later.
Mallick said he became a producer after helping to bankroll a $6 million film called “Gospel Hill” that was released on video. He made a small profit and wanted to be more involved in his next Hollywood venture.
Mallick intends to make more films. He’s bankrolled a $10 million murder mystery, “Columbus Circle,” starring Selma Blair and Beau Bridges that has yet to get a distributor.
Anyone wondering where Chris Mallick got $30 million Dollars for 1 movie that was a complete failure and another that was so bad it was never released ???
