Veteran independent producers Jason Kliot and Joana Vicente, who have produced over 30 films by acclaimed directors such as Jim Jarmusch, Miguel Arteta, Hal Hartley, Steven Soderbergh, Nicole Holofcener, and Todd Solondz, will be leaving the digital production company that was formed by billionaire Mark Cuban (owner of the Dallas Mavericks). HDNet Films marks four years of digital filmmaking, with their latest film, Brian DePalma's "Redacted," making waves internationally this week after screenings in Venice, Telluride and now at the Toronto International Film Festival.

Countering industry speculation that he has "pulled the plug" on the HDNet Films brand, Mark Cuban acknowledged the shift on Thursday saying that production and development at HDNet Films will be moved to 2929 Productions, his company with Todd Wagner. 

Formed four years ago, HDNet Films has either reached the end of the road or hit a major intersection.

Producer Jason Kliot commented separately, "Now that people have accepted that digital technology can create wonderful artistic works, it is now but one more choice available to the independent artist choosing to work in film."

Such was the case for Brian De Palma, whose "Redacted" will debut on Monday in Canada. The powerful new anti-Iraq war polemic was a $5 million production that grew from a meeting between the filmmaker and HDNet one year ago here at the Toronto fest. "Who would have thought only a few years ago that an industry legend like De Palma would have made an ultra-low budget film about the Iraq war? And yet Brian chose to work with this technology because he felt it was more appropriate to the story he had to tell than the traditional Hollywood apparatus he habitually works with," Kliot explained, days after the provocative film's debut at the Venice Film Festival and subsequent sneak screening in Telluride.

[2929 Entertainment's Todd Wagner and director Steven Soderbergh with Joana Vicente and Jason Kliot in Toronto two years ago to announce a new slate of HDNet films. Photo by Eugene Hernandez/indieWIRE]