Adaptive's upcoming film will put its unusual business model to the test

New York

THE forthcoming film Coin Heist - the tale of four prep-school students who try to rob the US Mint - will present the first big test of a new studio with an unusual business model.

Its approach? Buying other studios' abandoned scripts, and recycling the scraps into new franchises.

"We're basically rummaging through studio trash for stuff that's been discarded," said Perrin Chiles, a founding partner and chief executive of Adaptive Studios.

Mr Chiles is exaggerating only slightly. Hollywood movie studios are renowned for buying up scripts that never see the light of day. They are warehouse…