After the collapse of 2008 – entertainment banks began taking less risk – which in turn meant it became more difficult for independent film producers, filmmakers and film sales agents to access the capital (whether equity or debt) they needed to complete, gap, bridge, leverage or develop their project.
Today in 2014 – these same entertainment banks have adjusted their mentalities and aren’t necessarily “evacuating” the niche’s they once partook in — but they are certainly not re-visiting the previous opportunities of the pre-2008 era.
When we launched BondIt in early 2014 – we wanted to provide liquidity for union deposits (SAG, DGA, IATSE, etc…) and we expanded on that model as the demand grew for our services to broaden.
In the past few weeks we’ve begun beta testing our newest form of financing by offering liquidity once more – but this time to filmmakers, sales agencies and individual agents.
