RacerA love story. An obsession - Investment opportunity - Paradigm VL Group
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Investment opportunity RacerRacer A love story. An obsession.
Racer. A love story. An obsession
Racer is a heart stopping original screenplay by Oscar nominee and Bafta winning writer Ronan Blaney. A feature film
inspired by the early life of legendary motorcycle racing star, Joey Dunlop. Joey, from Ballymoney in Northern Ireland, was
at the height of his sporting prowess from the dramatic and politically charged 1970s right through to his death in 2000,
winning the world renowned Isle of Man TT Races a record breaking, and not yet beaten, 26 times. Our film portrays the
early life of a conflicted and quiet man who remained true to himself whilst allowing his
enormous skill as a racer and his track record to do the talking.
Racer
Ali MacP
Note from the Producer
hail
Racer has the dual commercial power of being a thrilling sports
movie and an original love story.
This film will show the strength of the family bond and how
extraordinarily conflicted a character can become. How can Joey leave his wife and babies at home and immerse
himself in this lethal sport?
Joey witnessed first his friend and then even closer to home, his brother-in-law, being killed in horrific crashes in road
racing but yet still couldn’t give up the most dangerous motor sport of all.
The racers ride at speeds of up to 190 miles per hour on country roads with nothing but lamp posts, trees and dry-stone
dykes for natural crash barriers. At the beginning of the TT Race, the riders pass through the middle of a council estate –
a bizarre setting for a world-famous race – and a detail which many people will be unaware. We’ll capture the excitement
these racers feel when they’re riding at high speed, the tussle for position, the cat and mouse of their contest, the
physicality and strength demanded. The is the story of one man’s obsession with a sport which will ultimately kill him.
We expect this feature to attract a 20+ male/female audience domestically and internationally. With interest in Joey
Dunlop’s career undimmed over the years and his extraordinarily loyal fan base due to his phenomenal race record,
we naturally expect the audience to be male skewed. However, the love story element, the pure sexiness of racing,
the humanity of these lives and loves will also help lock-in the female demographic.
Comparable films
Racer
Racer – Key Team
John Matthews – Director Ali MacPhail – Producer
Award winning documentary producer-director who has dedicated his film Ali has over 20 years experience in producing and executive producing
and TV career to motorsport. high-end international TV drama, entertainment and film projects.
Consulting widely for film and television organisations, Ali is a BAFTA
Credits include:
television committee member and has mentored emerging television
Trained to Kill – 2nd Unit Director for Roger Corman
and film talent.
Joey – The Man who Conquered the TT – ITV
Deadliest Crash, Grand Prix the Killer Years, Credits include:
Madness on Wheels BBC – distributed internationally Human Remains, Dr Terrible’s House of Horrible,
Cruise of the God’s, Uncle Nighty Night,
John won a Royal Television Society Student Award, Killer Years was The Mighty Boosh – BBC
longlisted for a BAFTA, Deadliest Crash nominated for King of Fridges – ITV
a Grierson Award & also won a BBC Top Gear Film Of Starlings – Sky
The Year award. Gifted – Sky Arts
Timeless – Sky Arts
A keen motorbike rider since 9, John is passionate about bringing the Common Ground – Sky Atlantic
story of Joey Dunlop to the big screen, no doubt the most amazing
Ali has embraced the story of the little man from Ballymoney and has great
motorbike (and unusual) racer of all time.
enthusiasm to deliver this emotive and gritty tale of love, loyalty and deadly
obsession.
Racer
Racer – Key Team
Sheryl Trinh – Executive Producer Ronan Blaney – Writer
Sheryl has worked in the independent TV production and film industry Ronan Blaney is a Bafta award winning and Academy Award nominated
overseeing business and commercial operations, production and writer with a wealth of compelling work behind him. His most recent
development in both factual and drama for 20 years, with particular film A Good Woman is Hard to Find, 2019, set in Northern Ireland was
success in financing and managing the successful delivery of large recently praised by the New York Times as a ‘Minor Miracle’.
scale, high budget drama series.
Other credits and awards include Boogaloo and Graham with Michael
Credits include: Lennox which won a BAFTA for ‘Best British Short Film 2014’ and also
Walking With Monsters, Ocean Odyssey and Space Odyssey, nominated for an Academy Award for ‘Best Live Action Short’.
One Humanity – BBC
Another of his films won a Royal Television Society Award and the
Prehistoric Park, Pickles – The dog who won the World Cup,
Premio Pianific Prize at the Locarno Film Festival.
Frankenstein – ITV
Perfect Disasters – Discovery
John Sorapure – Director of Photography (TBC)
Sinbad - Sky 1
Movie credits: Paddington Bear, Paddington Bear 2,
More recently Sheryl has worked within Bally Bee Pictures and with Horrible Histories – The Movie, Bunny & The Bull, Fat Slags,
independent producers and companies structuring film, TV and event George Michael – A Different Story, Round Ireland with a Fridge.
projects on a freelance basis.
Sheryl, who has Northern Irish roots and grew up in South East London
during the 70’s and 80’s is thrilled to be working on this seminal and
exciting film, set in that era charting the inspiring story of one of the
greatest racers of all time.
Racer
Racer – Key Team
Kevin Riddle – Casting Director David Mousley – Executive Producer
Credits: Mamma Mia!, The Hatton Garden Job, Swung, David is the former CEO of Red Vision, which grew from a small team in
The Woman in Black, Angel of Death, Strawberry Fields, Manchester when he joined in 1996 to become one of the most highly
The Wolfman, The Infidel, Misfits, Tomorrow, Second Life, regarded UK Visual Effects and CGI companies, winning two BAFTA
Combat Kids, The Enemy Within, How Do You Solve and two Royal Television Society awards for excellence and innovation.
a Problem Like Camilla? and The Rivals.
David, who lives on the Isle of Man, is the Director of Business
Kieran Clarke – Stunt Performer Development, Isle of Media (the private sector media development
Credits: Mission Impossible: Rogue Nation, Transformers: The Last partner to the Department of Enterprise, Isle of Man Govt). David
Knight, The Mummy, Eat Locals, Mary Poppins Returns Mission advises on media, games and entertainment businesses and the
Impossible: Fallout overall development of this sector.
Racer
hews
Note from the director
att
John M
Racer is Rush meets The Fighter and Drive, with Northern
Soul, The Goob and Dark River sprinkled over the top.
Style
Hand held camera, vérité in style, it will look and feel authentic, the camera moving around dynamically, very much
based on personal experience self-shooting racers.
Contrasting lighting will bring dark, gloomy low-lit garage shots, Joey’s cigarette glowing in the darkness. The colour
palette will be the blue and green saturation of the 70’s, with those lovely drudge browns.
The racing shots will be full of jeopardy, the bike looking like it’s about to fall to pieces in similar vein to Grand Prix.
Music and sound will be phenomenal, high pitched engine noises, a rider being dragged 180 miles per hour down
tarmac, gravel ripping leathers and skin, the terrible thuds and screeching tyres.
The tender moments, Joey and his love affair, delicate in between the mayhem, will be complemented
with classical piano harmonies, glam rock playing on the radio in the background. In the 1970’s Punk Rock flourished
in Belfast; rebel sounds against the violence of ‘The Troubles’.
Racer
CASTING
Joey Dunlop (Age 17–28) Linda Dunlop (Age 17–28)
An oddness, edgy but shy, conflicted, quiet, modest raw talent Strong, nurturing and protective
Paul Mescal Anthony Boyle Fionn Whitehead Dean Eileen O’Higgins Niamh Algar Saoirse Ronan Lianne Harvey
Charles-Chapman
Walter Desmond (age 50 – 60) Merv ‘Robbo’ Robinson
Scary, shrewd, cunning and clever Dashing, vulnerable, Joey’s best pal
Stellan Skarsgard Brian Cox Liam Cunningham Peter Mullan Aaron McCusker Aiden Turner Domhnall Gleeson Jamie Dornan
THE RIDERS
Kieran Clarke, who doubled for Tom Cruise in the Mission
Impossible films, is our main stunt rider and will bring with him a team
of tried and trusted world class riders.
Racer
TIMELINE
David Mousley is engaged Early development – Film Idea
as Financing Executive Isle of Man Govt confirm support Bill Holroyd CBE invests in early is devised by John L. Matthews
Producer in The Isle of Man and assistance for film project stage development activity who invests.
2020
2019 2018
2017
Ali MacPhail & Sheryl Trinh join as A catalogue of IP is built and a successful Support is given by
Co-producing partners read through is staged in Soho in London Northern Ireland Screen
gathering a lot of film industry interest
Jul
A major
2020 Bill Holroyd CBE is engaged and invests
distributor’s offer of significant development funding into this
20% (£600k) is film production venture, taking an early-bird
received against position on the film investment raise.
the film budget.
Northern Ireland Screen, film
Racer
production funding pledged (£200k)
Aug–Sept
2020
Sept 2020
Apr 2021
Key team and Heads of Department TT Race organisers April 27th – 1st day of
are engaged and a budget and confirm access and principal photography
production schedule is produced for support for filming at 2021 planned
filming in April-May 2021
Racer
Investment Opportunity for Investors into our Film
Production funding proposal
Angel/hnw/Private Investor Opportunity – £780,000
£3,057m We are thrilled to open this unique investment opportunity to Angel & HNW
investors within the UK. A detailed recoupment schedule is attached to this
IM for further information, however, a summarised model is provided below
for information. The anticipated close date is 12th December 2020 and we
will be holding investor meetings between now and then.
Angel/HNW/Private Investors £ 780 Day One – Investment Apr 21 £ (100,000)
Distribution/Sales Advance £ 610
British Film Institute £ 500
Return of capital from gross receipts £ 100,000
+18 months
UK Film Tax Credit £ 572 25% premium paid from gross receipts £ 25,000
Gap Funding/Production Loan £ 305
50% share of net profits Ongoing TBC
Northern Ireland Screen Film Funding £ 200
Isle of Man Production Funding £ 60
Post Production Deal £ 30
Total Funding £ 3,057
Racer
As an investor in this film there are of course a range of other benefits on offer. We are
happy to speak to individuals and companies during this fundraise in order to put together
more bespoke packages and to make this movie making experience an inclusive and
rewarding experience for all involved.SUMMARY PRODUCTION BUDGET
Racer
1 X 90’ Production
Budget
£3,050,000
(Budget – Subject to revision based upon the precise content of completed screenplay, schedule, locations and support/deferments)
ABOVE THE LINE COSTS – 31% OVERALL BUDGET
Development costs, writer, director, producers, artists (cast/stunts) £950,000
DESIGN COSTS –20% OVERALL BUDGET
Art department, builds, dressing, action props,studio rental. locations, facilities, SFX £622,000
POST PRODUCTION – 9% OVERALL BUDGET
All aspects of post-production including music + CGI £252,000
INDIRECT COSTS – 12% OVERALL BUDGET
Bond fee, overheads, insurances, legals, production contingency etc £381,000
ALL OTHER COSTS – 28% OVERALL BUDGET
Labour (all departments), technical equipment, wardrobe, travel/transport, hotel/living (ind. catering) etc £845,000
TOTAL £3,050,000
Racerfinancial projections
We are awaiting sales estimates from a distributor however, we have had an indicative view of gross
sales of between £10 - £15m.
Final negotiations are currently underway with a distributor. These figures will be confirmed in the
coming weeks once a distributor has been assigned.
$98m
Comparable recently released films are Eddie the Eagle, Rush and Le Mans 1966.
EXAMPLE RECOUPMENT SCHEDULE
LOW MID HIGH GOAL!
GROSS RECEIPTS 5,000,000 7,000,000 10,000,000 15,000,000
LESS COMMISSION & COSTS 2,432,500 3,057,500 3,995,000 5,557,500
ADJUSTED GROSS 2,567,500 3,942,500 6,005,000 9,442,500
$46m
LESS GAP OR PRODUCTION LOANS 426,476 426,476 426,476 426,476
LESS PRIVATE EQUITY INVESTORS REPAYMENT & PREMIUMS, PLUS BFI, NIS 1,738,906 1,738,906 1,738,906 1,738,906
LESS DEFERRED FEES/ BONUSES 400,000 400,000 400,000 400,000
NET PROFITS 2,118 1,377,118 3,439,618 6,877,118
50% TO PRIVATE EQUITY INVESTORS (PARRI PASSU) 1,059 688,559 1,719,809 3,438,559
50% TO PRODUCERS 1,059 688,559 1,719,809 3,438,559
$225m
Racer‘Tim Richards, the Vue chief
executive, believes when
some form of normality
returns the cinema business
will boom, with a glut of
delayed releases to fill the
schedule’
‘By 2022, we are going to be firing on all cylinders
again as an industry,” Richards said. “And by 2023
we are going to be setting records again, particularly
given the film slate. Once the Covid lid is lifted you
are going to see record-breaking numbers come out
because we know there is a pent-up demand.’
RacerWe are now opening this unique opportunity to outside investment with the creative team holding virtual presentations during November 2020. We intend on closing the investment round by 21st December 2020 with the first day of principal photography anticipated to be 1st May 2021. A more detailed Investment Memorandum is available on request. Contact details for the creative team can be found below. John L. Matthews john@big-pic.co.uk Sheryl Trinh sheryl@ballybee.com Ali MacPhail ali@ballybee.com Racer
appendix 1
RECOUPMENT SCHEDULE ‘WATERFALL’
Theatrical Non-theatrical Home Entertainment Television VOD Other
income income income income income income
Gross receipts
CAM (Collection Agent Management 5%k fee Sales agents commission, distribution
+ 1% commission up to 2m then 0.75% + Guild costs/trade association costs advance recoupment, distributor’s commission
expenses capped at 1.5k per annum) (assume 0.5%) + expenses including P&A costs
Adjusted gross receipts
1 Production loans or gap financier repaid + interest (TBC)
Private equity film investors repaid 100% BR (British Film Institute) – if used – film NIS (Northern Ireland Screen) film
2
+ 25% premium production funding repaid 100% production funding repaid
3 Deferments – 100% of ‘in budget’ deferred fees or bonuses
4 Completion bonder repaid any costs incurred to deliver (assume N/A)
Net profits
Producer’s 50% net profit share Private equity investor’s/BR – if used – 50% parri passu share
Producer’s net profits
Writer’s Life rights Executive Other Producer’s net
% share owner Producer’s share participants
% share % share
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