People should know that Regent Releasing, who released this film, (and also owns Advocate, Gay.com and Here!) are being sued for lying to bankers to get money for films. It's best that you DON'T see this at a film festival because the producer will not get paid. Here is a note posted by the producer of Shelter in a GLBT movie professionals forum I belong to:
I recently found out that one of my films, SHELTER, is caught up in the giant financial scandal happening now over at Regent/Here TV.
My film is one of probably over a hundred titles that are "collateral" in the loan that Regent/Here took with Merrill Lynch back in 2005/2006, and subsequently defaulted on.
If you have not heard about all this yet, I'll paste some links with details below.
If you sold or made a film over there between 2005-2009, your film may be "collateral" as well.
What this could mean is that our films end up in a bank vault, from all that I am reading.
I'll try to outline what few details I have -
In October of 2010, Merrill Lynch and Bank of America (who now owns ML), decided to seize the "collateral" because of defaults on the loan. They had been giving Regent et all a $55 million line of credit to provide publicity and advertising money for the films that the company bought, made and sold and licensed as a way to motivate higher sales and returns.
At that point, ML did not take ownership of the films, but legally contacted all licensors to redirect licensing fees to ML, instead of Regent/Here. As far as I can tell.
If your film is on EONE (check your dvd), Regent signed a 15 year licensing agreement with them, and are now legally bound to make all payments to ML. But your film will be available for 15 years through that company. I can't tell if the bank takes ownership, if it violates this contract.
If your film is on Liberation, that company was co owned by Regent/Here and they have gone bankrupt, and it is unclear to me who retains those rights. Or where they are now.
It gets complicated from here - so I'll let you do your own research. And it is completely unclear to me where all these lgbt titles will end up eventually.
Here Networks seem to have stopped airing any of these titles - probably because the network is now financially obligated to pay rental/licensing fees directly to ML.
My concern as you can imagine, is to have my film SHELTER end up in a waste land somewhere.... unavailable for purchase or rentals five or ten years from now.
For those of you still owed money from your sale of your film to Regent or from residuals, that is going to be a tough one. ML contractually is in no way obligated to make payments to anyone as your contract was with Regent (or one of the "shell companies" listed in the law suit below).
Here are some of the links - please don't email me as I only know what I know from reading all this and a few phone calls. I'm actually in the dark, but just worried about my movie's future.