Capitol Films is going through some serious financial problems right now. A hedge fund has been shut off, leaving the company no other choice but to stop production on some of its independent projects.
All this comes down from Deadline Hollywood Daily, which has been informed from a “reliable source”. While most of the pictures that are getting terminated may not bother horror fans, Rob Schmidt’s Bad Meat should! Last Friday the Wrong Turn director saw his movie, about meat-eating monsters and a “Scared Straight” program, get the red light when the Canadian Actor’s Guild (ACTRA) waved a flag about the cast not getting paid their salaries.
One of the site’s unnamed sources had this to say, “The start of the Bad Meat shoot was delayed for ten days because Capitol didn’t provide the promised funds. They claimed that Bergstein’s father was ill and that he was unavailable to sign checks. Capitol finally came up with starting money, and the shoot was going well. Suddenly on Friday, two weeks away from completing principal photography, we were told that the money has completely run out and production is shutting down. My client came home yesterday. Many, many people are ending up unpaid– actors, crew, catering, travel, etc. Capitol is claiming that money will be flowing by the end of the week for Bad Meat. They’re asserting that they have a very large credit facility coming from Comerica Bank. We all think that’s nonsensical.”
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