What's Happening?
Lewis Horwitz, a prominent figure in the film industry known for his innovative approach to independent film financing, has died at the age of 90. Horwitz began his career as a bank teller in Los Angeles and eventually became a key player in entertainment finance. He founded the entertainment division at Beverly Hills National Bank, where he facilitated loans for movie studios, a rare practice at the time. Horwitz was instrumental in financing 'The Mary Tyler Moore Show' and later founded the Lewis Horwitz Organization in 1980. His method of securing production loans against foreign pre-sales became a standard in indie film financing. Horwitz's career spanned several decades, during which he supported the production of numerous successful films,
including 'Bloodsport,' 'Kickboxer,' and 'My Big Fat Greek Wedding.' Beyond his financial acumen, Horwitz was also a magician and served as a magic consultant for films. He is survived by his children and grandchildren, many of whom continue his legacy in the entertainment industry.
Why It's Important?
Lew Horwitz's contributions to the film industry have had a lasting impact, particularly in the realm of independent film financing. By pioneering the method of securing loans against foreign pre-sales, Horwitz provided a viable financial model that enabled countless independent films to be produced. This approach not only democratized film production by making it accessible to smaller studios and filmmakers but also helped sustain the indie film sector through economic fluctuations. His work has influenced how films are financed today, allowing for a diverse range of stories to be told outside the major studio system. Horwitz's legacy is evident in the continued use of his financing model, which remains a cornerstone of independent film production.
What's Next?
While Lew Horwitz's passing marks the end of an era, his influence on the film industry will persist. The financing model he developed continues to be a critical tool for independent filmmakers seeking to bring their projects to fruition. As the entertainment industry evolves, the principles Horwitz established may be adapted to new technologies and distribution methods, such as streaming platforms. The ongoing success of independent films financed through his methods will likely inspire future generations of producers and financiers to innovate further. Additionally, Horwitz's family, many of whom are active in the industry, may continue to uphold and expand upon his legacy.
Beyond the Headlines
Lew Horwitz's dual career as a magician and film financier highlights the intersection of creativity and business acumen. His ability to blend these skills not only made him a unique figure in Hollywood but also underscored the importance of versatility in the entertainment industry. Horwitz's involvement with The Magic Castle and his role as a magic consultant reflect his passion for the arts beyond film. This multifaceted approach to his career serves as a reminder of the diverse talents that contribute to the success of the entertainment industry. His story is a testament to the impact one individual can have across multiple domains.
