Entertainment
What Merging Two Completion Bond Guarantors Means for Indie Films
Completion bonds are a little-discussed but essential part of the independent film financing process, the insurance by which indie films ensure that a film will be completed on time and on budget. You don’t really hear about them unless you need it. Today, though, two of the largest guarantors of such completion bonds are merging in a move that could have a big impact on the indie film space.
Film Finances International (FFI), the parent company of completion bond provider Film Finances, is acquiring Media Guarantors Insurance Solutions (MGIS) to create a completion guarantor giant. The combined company is part of STX Entertainment and the Film Services International family of companies, and the merger helps Film Services become not just a studio but also a service provider. It can add an insurance component to complement its indie flywheel — which already includes financing, physical production, and post-production.
The combination is being presented as a one-stop shop for the indie film market, something that can give studio-quality support and risk assurance across multiple territories, including the U.S., UK, Australia, Canada, and Europe, while also speeding up the investment in data-driven risk assessment tools, which can make it quicker for indie producers to obtain a bond and give financiers more certainty earlier.
“We’ve built something special for the independent market,” said Peter Coleman, CEO of Film Services International, in a statement. “Producers can now rely on one partner for everything a film needs, anywhere in the world, from first dollar to final cut. That is a fundamentally stronger foundation for the films and filmmakers we support.”
Fred Milstein, president and CEO of Media Guarantors, will now serve as CEO of the combined bond company. Steve Berman will become president, and Greg Trattner will assume the role of executive chairman, all under group CEO Coleman. Film Finances has been around for decades and has a large history of experience and knowledge, while Media Guarantors has become very hands-on with filmmakers and entrepreneurial, and the idea is that those two strengths will complement each other moving forward.
What Does It All Mean for Indie Films?
The concern is what taking a guarantor out of the space means for indies who might now have to work with just a single company to get their film bonded. We know how consolidation has impacted and threatens to impact the rest of the industry. But in this case, the bond market is still a very niche space. A majority of films don’t bond if they can avoid it. And the broader challenges facing the indie film market mean that some smaller mom-and-pop vendors are struggling, and there isn’t necessarily a single entity with the breadth of knowledge to help indie producers across the board.
A merger like this creates a healthier vendor that can be a full-service company. Film Services sees this as an opportunity to attract indie projects even if they don’t need a bond, namely because guarantors have the skills necessary to look at scripts and schedules and help identify anything that can go wrong. Through its post-production arms, Pivotal Post and SilverTrak, Film Services can also help at the finishing stage. It’s one of the leading renters of Avid tools, and STX is the studio-facing side of the operation, now building out a new slate from the old STX library.
Case in point: the Katie Holmes-directed “Happy Hours,” which premiered at this year’s Tribeca Film Festival, was one film for which Film Services used all its resources to finance, bond, produce, and support post-production. The film is now working through distribution. Film Services believes that would not have been possible without the combined resources of the entire set of brands and services, and other indies will now have an avenue to do the same.
Deadline first reported the news of the merger.
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movies
BAFTA Adds AI Clause To Submission Rules
BAFTA has once again tweaked its submission rules.
In a series of new rules announced this morning, the headline additions include the expansion of the Outstanding British Film Longlist and the addition of a new clause on films created using generative AI.
The new AI law reads: “Where the use of Generative AI or other digital tools is relevant to the consideration of the work, BAFTA reserves the right to request additional information regarding the nature of such use and the extent of human creative involvement.”
BAFTA said the new AI clause will also be added to the rulebooks for its other 2027 awards. The organisation said the rule was created following consultation with the industry and with the aim of “reaffirming that the Awards recognise and reward outstanding human creative achievement.”
The Outstanding British Film Longlist has been expanded from 15 to 20 films. The category will retain 10 nominations, with five chosen by the membership vote and five by the nominating jury. The Outstanding British Film category was first introduced in 1947. Last year, Chloé Zhao took the award with Hamnet. Other previous winners include Edward Berger (Conclave), Jonathan Glazer (The Zone Of Interest), and Martin McDonagh (The Banshees of Inisherin).
Elsewhere, the Children’s & Family Film category has been renamed the Family Film category. BAFTA said the name “better reflects the types of films eligible for consideration and provides greater clarity for entrants, voters, and jurors, while the eligibility criteria and voting process remain unchanged.”
The 80th edition of the BAFTA Film Awards will take place on Sunday 21 February 2027 in London.
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movies
Could Tilly Norwood Ever Win a BAFTA? Film Awards Rules Are Firm — No
AI “actor” Tilly Norwood will never be eligible for a BAFTA Film Award, the British Academy has confirmed, amid updates to its rulebook and voting processes.
BAFTA is now reserving the right to ask for more information regarding the use of AI and “the extent of human creative involvement” in work submitted for Film Awards consideration. Following “industry consultation,” BAFTA has clarified its approach to AI and on Wednesday said its Awards are “presented annually to recognise, honour and reward individuals for outstanding human achievement in originating, shaping and realising the final artistic outcome, regardless of the tools used to bring this work to life.”
Where the use of generative AI or other digital tools is relevant to the consideration of films, BAFTA can request additional information.
“[Artificial intelligence] is obviously evolving at a very fast pace,” executive director of awards and content at BAFTA, Emma Baehr, told The Hollywood Reporter in a media briefing about the changes. “We’re aware that AI and digital tools are used in some areas more than others. But we felt that it was very important that we expanded that and acknowledged that if anything comes up, we have the right to request further information because ultimately BAFTA is about recognizing human achievement.”
While things may change again next year, Baehr said the language used in the updated rulebook allows the film committee at BAFTA to “dig into” specific uses of AI ahead of the longlist and nominations announcements. There isn’t a specific percentage or “exact science” that would rule out an AI-aided film from contention for a BAFTA, but Baehr maintains the focus is on human creativity.
For example, THR asked, what would the 2027 approach be to Adrien Brody’s BAFTA and Oscar-winning role in The Brutalist? (The actor was said to have used AI to help with his Hungarian accent in Brady Corbet’s 2024 film.) Baehr responded: “[The updates] would rule out an AI actor. It’s going to be a human that collects a BAFTA. We’re never going to allow an AI actor [to win a BAFTA]. But we never really comment on what’s happened in the past because the rules are the rules for that year, and every year it changes. So Adrien Brody was eligible; he won. We celebrated that win, and that was within that year in that rulebook. So, as we said, AI is moving so fast, but we have to go back to what we’ve already said about human creativity, and that is the essence of it. We want to celebrate that.”
When asked for confirmation that Norwood — the AI “actor” who last year plunged the industry into crisis around the ethicality of AI performers, and who is about to make her feature film debut — will not ever be eligible for a BAFTA, Baehr was firm: “No. No. That’s not human.”
Baehr and Deirdre Hopkins, head of film at BAFTA, declined to comment on the possibility of one day introducing a craft category entirely devoted to AI-generated projects.
Among other changes are BAFTA’s expansion of the outstanding British film category, taking the longlist from 15 to 20 films to “better showcase the depth and range of British filmmaking and create a wider pool of British titles for consideration.” The category will retain 10 nominations, with five chosen by the membership vote and five by the nominating jury.
BAFTA is also broadening participation in the performance categories’ voting process by inviting Casting Chapter members to vote alongside the Acting Chapter in the longlisting and nomination rounds. As part of the update, the longlisting jury will now select five performers on the longlist. These changes will bring “additional industry expertise to these categories and support wider recognition of acting talent.”
In other news, the children’s & family film category will be renamed family film, bringing the category title
into “closer alignment with its focus on films that appeal across generations.” The new name is said to
better reflect the types of films eligible for consideration and provides greater clarity for entrants, voters, and jurors, while the eligibility criteria and voting process remain unchanged.
Entries for the 2027 BAFTA Film Awards are open from Wednesday, July 22. The longlist will be announced on Jan. 7, 2027, the nominations on Jan. 29, and the ceremony on Feb. 21.
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movies
Venice Giornate Degli Autori Unveils 2026 Selection
Venice parallel section Giornate degli Autori (GdA) has unveiled a female focused lineup for its 2026 edition.
Drawn from 1,036 submissions from 114 countries, the lineup features 25 world premieres, of which 13 are Italian and 14 directed by women; with 10 films in competition, one closing film out of competition, five special events, and a showcase of nine titles in Venetian Nights (scroll down for the full section).
Hungarian director Lili Horvát’s first English-language film My Notes on Mars will open the edition. The sci-fi romance stars Mackenzie Davis as a scientist who vanishes during a hiking trip to reappear on the day of her own memorial service with no memory of the life she has lived in between. Rupert Friend co-stars.
Horvát previously made waves with Preparations to Be Together for an Unknown Period of Time, about a talented surgeon who ditches her career for a man who then claims to have never met her before. That film debuted in the GdA’s 2020 edition and then went on to win numerous awards including a Golden Hugo in Chicago’s New Directors Competition.
Léa Domenach’s A Man’s Skin, described as a queer and feminist musical comedy set in the Italian Renaissance, and featuring Pomme, Karin Viard, and Catherine Deneuve in the cast, will close the section.
Horvát’s My Notes on Mars is among 10 films being showcased in competition.
Further contenders include Polish-born Australia-based filmmaker Kuba Dorabialski’s Agata the Writer, starring Mia Wasikowska as an Australian writer who travels to Sarajevo to work on a novel about the Bosnian war and is forced to acknowledge the limits of her own artistic vision.
In other competition highlights include Post Tenebras Lux actress Nathalia Acevedo directorial debut Salón de Belleza. Adapted from the radical novel by Mario Bellatin, it unfolds in a beauty salon in a city ravaged by a mysterious disease which becomes a refuge for the afflicted as they linger between life and death. Belgian multi-disciplinary artist Sam Louwyck, and Erwan Kepoa Falé co-star.
Established directors in the mix include Robert Guédiguian with A Woman Today. Newcomer Marilou Aussilloux stars as a young woman grappling with the distance between her own idea of freedom and the contradictions of a present day still ridden with violence and inequality, alongside the director’s longtime collaborators Ariane Ascaride, Jean-Pierre Darroussin, and Gérard Meylan.
This year’s jury for the GdA Director’s Award, which includes a cash prize of €20,000 to be split between the director and international distributor, comprises Spanish filmmaker Carla Simón, the Italian director and editor Sara Fgaier, and Hania Mroué, director of Beirut’s landmark Metropolis arthouse cinema.
In other awards, audiences for the GdA screenings at the Sala Perla will decide the Audience Award while the Europa Cinemas jury will choose the winner of the label from among the European films at Giornate degli Autori.
The Special Events lineup – featuring the documentary, autobiography, historical film, and experimentation, includes Francesca Archibugi’s Carla Lonzi, A Feminist Story, exploring the life and times of one of the most radical feminist voices of 20th-century Italy.
In other highlights beyond the main competition, Claire Denis and Mona Fastvold are the guests of honor of the Miu Miu Women’s Tales program. The 15th edition of the initiative in partnership with GdA will see the filmmakers share career lessons in on-stage conversations.
GdA’s 23rd edition is dedicated to the sidebar’s founder and longtime champion, film critic and festival exec Giorgio Gosetti who died suddenly and unexpectedly in March.
“This edition carries with it a deep void and a deep gratitude,” declares Artistic Director Gaia Furrer. “We owe to Giorgio the very idea for this free arena we inhabit, along with his faith in the new directions of cinema and his stubborn, loving determination to build and consolidate, year after year, a community of men and women filmmakers and audiences. This year, Giornate springs from the desire to honor this legacy by continuing to do what Giorgio taught us: seek out, discover, go wrong, become passionate about, and believe in cinema and in those who make it happen.”
The edition, will run alongside the Venice Film Festival from September 2 to 12, with its activities based mainly in Casa degli Autori and the Sala Laguna on the Venice Lido.
OFFICIAL SELECTION
IN COMPETITION
SADNESS SOMETIMES, OTHER TIMES REVOLT
by María Aparicio
Argentina, Spain, 2026
AGATA THE WRITER
by Kuba Dorabialski
Australia, 2026
BALCANICA – debut feature
by Nicola Sorcinelli
Italy, Serbia, Croatia, 2026
CAMOUFLAGE – debut feature
by Mykyta Gibalenko
Germany, 2026
DEAR AJAYI
by Damilola Orimogunje
Nigeria, Germany, 2026, 120’
I PLANT MY HAND IN THE GARDEN – debut feature
by Boris Hadžija & Hoda Taheri
Germany, Serbia, U.S.
The Indies – debut feature
by Pauline Julier, Nicolas Chapoulier
Switzerland, Spain, 2026
MY NOTES ON MARS – opening film
by Lili Horvát
Hungary, Austria
SALÓN DE BELLEZA – debut feature
by Nathalia Acevedo
Mexico, France, 2026
A WOMAN TODAY
by Robert Guédiguian
France, Italy, 2026
OUT OF COMPETITION
MAN’S SKIN – closing film
by Léa Domenach
France, 2026
SPECIAL EVENTS
AL BARANEYA
by Ashgan El-Hamus
Netherlands, Egypt, Belgium, Saudi Arabia, 2026
CARLA LONZI, A FEMINIST STORY
by Francesca Archibugi
Italy, 2026
THE PHANTOM
by Ignacio Masllorens, David Lamelas
Argentina, 2026
THE MASSACRE
by Cosimo Messeri
Italy, 2026
EVEN IF HELL CAME
by Samuele Rossi
Italy, 2026
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