As SHOOT went to press, Silicon Graphics (OTC: SGID) announced that it has reached an agreement with all of its Senior Secured bank lenders and with holders of a significant amount of its Senior Secured debt on the terms of a reorganization plan intended to reduce its debt by approximately $250 million. As part of this agreement with many of its major stakeholders, and as the next step in its previously announced plan to reorganize its businesses, the company and its U.S. subsidiaries have filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. SGI's non-U.S. subsidiaries, including European, Canadian, Mexican, South American and Asia Pacific subsidiaries, were not included in the filing; they will continue their business operations without supervision from the U.S. courts, and will not be subject to the requirements of Chapter 11. SGI reported that it expects to file its Plan of Reorganization reflecting the agreement shortly, and to emerge from Chapter 11 within six months. “We want to assure our customers, our employees and our communities that SGI is operating-business as usual,” Dennis P. McKenna, the recently appointed, chairman and CEO of SGI, stated. “Our customers can continue to rely on SGI for its mission-critical products, services, and support.”….The directing team of Spooner/French has split up. Nick Spooner remains at bicoastal The Artists Company. His first solo shoot is for Volkswagen out of Crispin Porter+Bogusky, Miami….Carole Schumacher announced that she has sold Chicago-based Schumacher Camera to long-time staffers James Pope and Mike Acuña. Pope and Acuña have been running the day-to-day operations for the past few years, and have been with the company for a combined 22 years. As partners, Pope will handle the business side of the company, working with DPs and producers, while Acuña will continue to head up the technical side. Carole Schumacher has agreed to continue as creative director, overseeing ad campaigns and branding. The principals said that customers will notice few if any changes in what should be a seamless transition … Honey Trap, the short film from director Bob Giraldi, was a Gold Remi Award Winner for Creative Excellence at the recent 39th Annual WorldFest-Houston. The film is the first project Giraldi has written and directed through 149WOOSTER, a New York-based production company he co-founded in 2005 with Patti Greaney and Carol Case….
Oscar Nominees Delve Into The Art Of Editing At ACE Session
You couldn’t miss Sean Baker at this past Sunday’s Oscar ceremony where he won for Best Picture, Directing, Original Screenplay and Editing on the strength of Anora. However, earlier that weekend he was in transit from the Cesar Awards in Paris and thus couldn’t attend the American Cinema Editors (ACE) 25th annual panel of Academy Award-nominated film editors held at the Regal LA Live Auditorium on Saturday (3/1) in Los Angeles. While the eventual Oscar winner in the editing category was missed by those who turned out for the ACE “Invisible Art, Visible Artists” session, three of Baker’s fellow nominees were on hand--Dávid Jancsó, HSE for The Brutalist; Nick Emerson for Conclave; and Myron Kerstein, ACE for Wicked. Additionally, Juliette Welfling, who couldn’t appear in person due to the Cesar Awards, was present via an earlier recorded video interview to discuss her work on Emilia Pérez. The interview was conducted by ACE president and editor Sabrina Plisco, ACE who also moderated the live panel discussion. Kerstein said that he was the beneficiary of brilliant and generous collaborators, citing, among others, director Jon M. Chu, cinematographer Alice Brooks, and visual effects supervisor Pablo Helman. The editor added it always helps to have stellar acting performances, noting that hearing Cynthia Erivo, for example, sing live was a revelation. Kerstein recalled meeting Chu some eight years ago on a “blind Skype date” and it was an instant “bromance”--which began on Crazy Rich Asians, and then continued on such projects as the streaming series Home Before Dark and the feature In The Heights. Kerstein observed that Chu is expert in providing collaborators with... Read More