The Forest Road Company, an indie film financing company, and Technicolor PostWorks, a leading equipment and postproduction facility, have entered into a strategic partnership.
The purpose of the partnership is to provide independent filmmakers with state-of-the-art production equipment and postproduction services. As a production and post provider committed to turning filmmakers’ footage into effective, moving narratives, Technicolor PostWorks will be able to ensure Forest Road projects are completed in a cost-effective and efficient way. Forest Road offers low-cost financing options for tax-related collateral, and this partnership will help filmmakers through another crucial step of the production process. Filmmakers who use Forest Road’s lending platform will now have direct and priority access to Technicolor PostWorks facilities and services.
The partnership will be co-managed by Eric Boshart and Carol Jazwinski, who has officially joined the Forest Road team. The teams have offices in both New York and Los Angeles.
“We couldn’t be more excited to welcome Carol to our team and partner with such a fantastic group that has decades of experience. Adding their services to our lending platform will make us more competitive and will further our offering as a one-stop shop solution for our clients. I am confident that with their presence in the independent film space and our access to capital, we will accomplish a lot together,” said Zachary Tarica, founder of The Forest Road Company.
Rob DeMartin, president/COO of Technicolor PostWorks, added, “We immediately recognized Forest Road Company’s unique approach to supporting filmmakers both economically and through powerful partnerships and we were eager to bring picture and sound finishing to the mix. Leveraging FRC’s innovation and pipeline along with our creative talent and years of film finishing experience affords filmmakers new and powerful opportunities.”
Technicolor PostWorks has most recently provided finishing services to Barry Jenkins’ If Beale Street Could Talk, Michael Moore’s Fahrenheit 11/9, and Disney Studio’s Mary Poppins Returns, directed by Rob Marshall.
Forest Road most recently provided financing for Skin starring Jamie Bell, which had its world premiere at the Toronto International Film Festival, and Driveways, directed by Andrew Ahn.
California governor signs law to protect children from social media addiction
California will make it illegal for social media platforms to knowingly provide addictive feeds to children without parental consent beginning in 2027 under a new law Democratic Gov. Gavin Newsom signed Friday.
California follows New York state, which passed a law earlier this year allowing parents to block their kids from getting social media posts suggested by a platform's algorithm. Utah has passed laws in recent years aimed at limiting children's access to social media, but they have faced challenges in court.
The California law will take effect in a state home to some of the largest technology companies in the world. Similar proposals have failed to pass in recent years, but Newsom signed a first-in-the-nation law in 2022 barring online platforms from using users' personal information in ways that could harm children. It is part of a growing push in states across the country to try to address the impacts of social media on the well-being of children.
"Every parent knows the harm social media addiction can inflict on their children — isolation from human contact, stress and anxiety, and endless hours wasted late into the night," Newsom said in a statement. "With this bill, California is helping protect children and teenagers from purposely designed features that feed these destructive habits."
The law bans platforms from sending notifications without permission from parents to minors between 12 a.m. and 6 a.m., and between 8 a.m. and 3 p.m. on weekdays from September through May, when children are typically in school. The legislation also makes platforms set children's accounts to private by default.
Opponents of the legislation say it could inadvertently prevent adults from accessing content if they cannot verify their... Read More