“Our industry is more than just Hollywood, or any other place. Entertainment is global. As story-tellers, we have to be as well. If anyone in this game isn’t clear on that, they really are falling behind.”
Throughout his career, Colin Vaines has been at the forefront of film and television development, overseeing production and executive producing some of the most iconic pictures over the past several decades. His filmography includes Memphis Belle, Gangs of New York and The Rum Diary. Through his litany of pictures he has managed to develop a global contact network of the industry’s most powerful production and acting talent.
Vaines is a highly sought-after freelance producer and production consultant known for his dedication to developing high-quality film and television projects, including the recent Netflix Original, The Unforgivable with Sandra Bullock.
In Part I of our in-depth interview, we explored Colin’s motivation, the essential nature of collaboration he cultivates as a Producer and a few of his memorable experiences with deal making while being in the room with some of the industry’s most notable characters, including David Puttnam, Harvey Weinstein and Dino De Laurentiis.
Join us now for Part II (or catch up after you read Part I here).
Part II
The Media C-Suite:
Most people identify a film or television show by the actors in it. A lot of people will recognise the name of the distributor or the name of a director. Why are Producers themselves not walking the red carpets?
Colin Vaines:
Oh, we do, of course, but who notices me when Sandra Bullock is walking past? I wouldn’t.
Producers are not in this business for the glamour. None that I know anyway. Speaking for myself, it’s for the love of film-making. The glamour is for the audience. Producers are firmly behind the curtain. Or at least we should be.
In this business, we all know who the Producers are. The audience will know that MGM distributes the James Bond movies, or that Daniel Craig is Bond, at least for now. But inside the business, we all know that Barbara Broccoli and her stepbrother Michael Wilson at EON are the Producers and control the franchise.
Ok. We’ll see what Amazon does with it.
But Producers know each other. Directors and actors know who the Producers are. It’s a genuine community.
The Media C-Suite:
You’ve been doing this for a long time. But you didn’t start out as a Producer.
Colin Vaines:
Not at all. No one really does to be honest. Producers are like the CEO of a startup company, you end up falling into the role if the stars align in the right way.
Perhaps that’s not really fair to say.
Being a Producer takes a lot of hard work and a long time to get right. It’s a combination of knowing the art of story-telling and having the right networks to build a temporary organisation that coalesces around a sincere proposal meant to attract serious media executives who must believe that they won’t get fired for supporting you.
There are so many dependencies. Ultimately they all fall on the shoulders of the Producer. There’s no school for that, it takes a while to learn from others and gain experience that translates into other people’s faith in what you say is good and can be delivered.
The failures are as valuable as the successes, and you need both.
The Media C-Suite:
You started out as a journalist for Screen International in London.
Colin Vaines:
I did.
It was a tremendous piece of good luck and a perfect opportunity for me to work as a journalist there as my first real job.
I was totally unqualified of course, and at the time thought the best I could do is to become a film critic of all things. I really should have been paying the publisher of Screen, Peter King, for the privilege of working there; but there I was being paid to rub shoulders with film-stars and producers.
I don’t think anyone thought I would last, including me, but I absolutely loved it. Out of nowhere I was able to speak to real film-makers, people with names I knew from the cinema. Producers, actors, everyone. And they spoke with me.
I could walk down the street in Soho, bump into someone and have a story to write.
Screen really was working at the heart of British film at the time and that gave me a real leg up.
The Media C-Suite:
You worked your way up at Screen to co-Editor. What motivated you to leave journalism to oversee the UK’s National Film Development Fund?

Colin Vaines
Well, making films was always at the heart of my ambition.
By the time I was in the co-editor role at Screen, I had been lucky enough to know a number of people willing to encourage me.
At the time, in the early-1980s, most of the Hollywood Majors had production and distribution offices here. We were making Star Wars and Indiana Jones movies as a service industry, but it was important to have backing for British movies, and that was what the National Film Development Fund was set up to do.
The Development Fund was intended to keep British film relevant internationally, and that meant commercially as well as maintaining the elements of British and European film that were being adapted so well by Hollywood. There was a clear interaction between Hollywood and London and this was being recognised commercially.
A wonderfully maverick producer/executive called Mamoun Hassan was running the National Film Finance Corporation at that point, and he convinced me to put my hat in the ring for the job running the Development Fund. So what was I to do?
I leapt at it of course.
The Media C-Suite:
That was a good period for British film and British production. There were a number of films that did well internationally such as Educating Rita with Michael Caine, Tony Scott’s The Hunger and of course both Bonds came out in 1984, Never Say Never Again with Sean Connery and Octopussy with Roger Moore.
Did British film need more help from the Government?
Colin Vaines:
It was a good time for British film, certainly. And for production generally in the UK. Our studios were full, and Hollywood was permanently established in Soho and around London. And they had been for years, with 20th Century Fox at Century House for example. There was competition, of course, but I think that it was really collaboration. All of the Hollywood Majors had a substantial presence in London. And London really was the centre of European and international distribution then. The box office outside of North America was becoming really important financially. That made it a natural place to do deals for film production.
In the 1970’s, Hollywood was eagerly adopting more European and British elements and a lot of American film-makers were influenced by French, Italian and British style. I think that Warren Beatty’s Bonny and Clyde really changed Hollywood forever in this way. European and British film had a major influence on American cinema. The benefits worked both ways.
The problem that the Government here understood well was that maintaining that momentum required investment into development of new stories and the cultivation of new film-makers here in Britain. That is what the Development Fund was created for.
Development is, and perhaps will always be, the most risky part of film-making.
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He is an American lawyer & private equity specialist with 30+ years of international experience in investment strategy. He has lived and worked in London, Dubai, Abu Dhabi and Nicosia as both adviser and executive to several of the world’s largest family offices, institutional investors and State-investment companies. He is also founder of Coherent Media Group, a corporate holding company dedicated to media & entertainment businesses globally.
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