FilmHedge Closes $100 Million in Debt Financing to Lend for Movie, TV Production

Financial tech operation FilmHedge has closed on $100M in debt financing, Variety has learned. The Atlanta-based company offers short-term loans for film, television and other media productions — as well as products that track production spending in real-time and automate performance reports for content investors. FilmHedge has helped fund 14 feature productions thus far, including the sci-fi thriller “Beyond Skyline” starring Frank Grillo. Private credit firm Coromandel Capital provided $50 million, as did another another undisclosed firm earlier this year. FilmHedge’s financial products determine the terms for loan offers using an algorithm, basing its model on the production finance plans… Read Full Article