17cloon.cov.jpgA lengthy article by Laura M. Holson in Monday's New York Times had some interesting insights on Section Eight, the production shingle behind which George Clooney and Steven Soderbergh have for five years been losing other people's money. Some highlights:

  • Though they currently have several films in various stages of production, Clooney and Soderbergh are considering abandoning the production company when their contract with Warner Brothers runs out, because it "is a mountain of work" and they "both have day jobs."

  • Most of Section Eight's films have been largely financed not by partner studio Warner Brothers, but by outside "civilian" investors like Todd Wagner, business partner of Mark Cuban.

  • Aside from the Ocean's 11 series, all of Section Eight's films have been produced for less than $50 million; most cost about one-fifth of that; and all have recieved wide release by Warner Brothers.

  • Steven Soderbergh has had "final cut on a lot of director's movies", including Todd Haynes' Far From Heaven.

  • And, last but not least: back surgery has left 43-year-old Clooney "ruminating on his advancing age."

To read to the rest of the article, proceed directly to The New York Times.

categories Cinematical