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Film Private Equity Funding and COVID-19

I'd love to hear from members and about their experiences if they have had any private investment funding for their feature film pulled during this uncertain time.

I work in private equity investment across a number of industries now and my clients have a range of different experiences, so good, and some not so good.

What's yours?

Regards
Wozy

  • Hi Lee, How are you? I had a few examples. I was hired on a private funded Motion Capture short back in March which I signed on the Friday and had cancelled on the Monday! I also had interest in my big budget LA based movie which has now been put on hold. I also now can work as an actor with a new agent and was in a short film which has lost its investor for now. Also a music video but that is back on now and I also have a comedy-horror feature film given new life with advanced conversations with a private equity investor. But during lockdown I have been trying to learn about property since this seems a much wiser industry to make money.

    4 weeks ago
  • Hey Wozy, lovely to hear from you. It's been a while. Hope you're in fine fettle.

    It's a bit redolent of 2008 when Moving Vision lost all its Blue Chip commercial work and our little syndicate lost almost a third of the £1.6m budget it had garnered for a feature film within days of the credit crunch.

    The silver lining from that crash was that we learned how to live without depending on financiers per se, but to design our projects around our audiences aspirations. That pretty much ruled out projects that had no other reason to exist other than solely as arts entertainment. In other words factual front loaded by aspirational crowds. No prizes, rewards, mugs, T-Shirts, vanity parts etc., other than acknowledgments. So far, apart from one we had a small part in, not in tha category of big budget features, though we have a couple of six and seven figure projects slow stewing quite tastily on the burners. Just waiting for the dust and the mirages to settle.

    With interest rates at zero, or even negative, and much of the world economy faltering and household names going bust, I imagine that entertainment including film and TV is likely to get a boost, once the existing business models, cartels and moguls readjust.

    Historically the entertainment industry in many of its forms has thrived during recessions and done even better in depressions. People need affordable entertainment and distraction in their millions. So many ways to honourably exploit a disaster. It's a sociopolitical economic thing.

    Money hanging about losing its flavour could do worse than partnering with creative producers. It might even get to the point where it becomes a producer's market. Financiers willing to be equitable rather than predatory, and able to duck and dive in a new environment, will get the prize.

    Well that's my imperfect contribution.

    I'll add my standard disclaimer; other realities are available.

    Hope you stick around dear chap.

    4 weeks ago