Transcript

JAMES SHIRRAS

The reason that financiers need completion guarantees is, of course, to ensure that there is an expert available in the event that things start to go wrong. So if something appears untoward, for example, if the schedule is not being shot, if the film is falling behind, if it looks as though it's going to take longer than the time allowed to get the shooting finished, or if the costs are going beyond what they should reasonably be at that point, then we will take a very close interest in that.

Sometimes we might feel that it would help if we controlled the cash flow, so that the producers have to think hard before they try to make payments, if they know that we're also going to have to approve them. That's quite an effective form of disciplining producers.