I was recently offered a budget for my TV Series contingent upon getting a completion bond. The bond is 2% of the budget. Does anyone have any experience with this and if so is it a good offer to take?
From all facets of a traditional raise to soft money to crowdfunding strategies, this is the place to discuss, share content and offer tips and advice regarding raising funds for a project.
I was recently offered a budget for my TV Series contingent upon getting a completion bond. The bond is 2% of the budget. Does anyone have any experience with this and if so is it a good offer to take?
Abu Dhabi has unveiled a new structure that can result in a 50% below the line tax incentive. What an amazing time in the film & TV production industry all around the world. https://variety.com/2024/film/global/abu-dhabi-film-commission-rebate-to......
Expand postHappy New Year, Amanda Toney! Most of these movies are on my watch list. My top theater release this year is Smile 2.
Great post by our friends at EP (Entertainment Partners) detailing 50 Film Finance Terms Every Filmmaker Should Know. Valuable information and clarifications. Understanding the language and mechanics of film financing is a fundamental asset in moving your production forward.
Expand postGreat share, Jack Binder! I'm not involved in the financing side of the industry, but knowing these terms could come in handy. I bookmarked the post. Thanks for sharing it!
My pleasure Maurice Vaughan - glad it was helpful. Good information for sure!
Very helpful for the early stage indie filmmaker. So many try to launch a film or a career with little knowledge of these terms and details.
Glad to hear this is helpful Alan Brewer. Thank you. Yes there is much needed to be learned in filmmaking. It's constantly changing and updating one's knowledge and experience is extremely important....
Expand commentSo important to know the fundamentals of anything you pursue. Thanks for thsi great share, Jack Binder. So many want it to just happen but knowledge and startegy are what create sucess. Thankfull that...
Expand comment
This project focuses on mental health, personal relationships, and emotional healing through engaging storytelling. By exploring complex dynamics and different perspectives, we hope to help audiences connect with challenges they may not usually face and reflect on their own experiences. The goal is...
Expand post
I’m currently looking for recommendations for an experienced campaign manager to assist with a crowdfunding campaign and overall project coordination for my upcoming animated short film, “The Timid Bunny?”.
The role involves strategizing and executing a successful crowdfunding campaign. Ideally, I’m...
Expand post
The Czech Republic has announced changes to its production incentives for film and television production. Effective January 1, 2025 the refundable tax credit will increase to 25% from 20%.
Additionally documentary features will be eligible in 2025 and doc series in 2026.
More details, links to artic...
Expand postThis is great news and news that we are seeing all over the place. I was in London last week at Focus representing Stage 32 Certification and the international production industry is at the beginning...
Expand commentAgreed, Sam Sokolow. News breaking every day on this front.
Agreed, Pamela Jaye Smith
Hi, Gang!
In the past, I've been the first to wave a warning flag when producers and scam artists have messaged users on this site offering to set movies up with cryptocurrency as a vehicle for financing.
Today, a producer of mine named Lucinda Bruce is promoting a science-fiction film I wrote called...
Expand postHey Tennyson Stead -- I'm a big fan of Film.io! I've been on their platform since the pre-launch in 2022. Just reviewed and staked your project - it looks amazing! And your GoScore is rising fast! My...
Expand comment
Hey all - just a reminder that I'm moderating an exclusive FREE virtual summit here in Satge 32 in 2 days where top producers, film and television production executives, and film commissioners converge to discuss the state of film & TV production and how you can take advantage of the current landsca...
Expand postLooking forward to this Sam Sokolow!
For those of you who are unfamiliar with the Indie Filmmaker Jamin Winans and his producing partner, Kiowa Winans, they make extraordinary, whimsical indie films truly in the auteur style. They are the team behind INK (2009), The Frame (2014), and now... Myth of Man (2024)!
Here is the Official Trail...
Expand postThe trailer doesn't say much though it is very artistic with a poetry all of it's own in this small sampling. The visuals are striking and thought provoking with a mix of apocalyptic dread and enlight...
Expand commentClick next to the topics below to subscribe to a topic. means you're already subscribed.
1 person likes this
I would love for someone to explain what a bond is and how it works. I will be looking for financing for an Action-Romance myself.
1 person likes this
Hello Maxwell Moore Coincidentally I just wrote a post about the Completion Bond for my website. You can find the answer to your question there. In brief, a Completion Bond is an assurance by the bond...
Expand commentHello Maxwell Moore Coincidentally I just wrote a post about the Completion Bond for my website. You can find the answer to your question there. In brief, a Completion Bond is an assurance by the bond company that a film will be finished and delivered to a distributor to enable payment. A fee is included in the budget, and the bond company works with the production to ensure it meets their standards to merit the bonding of the production. They make suggestions, changes, and will take over a picture if it is failing and facing financial ruin. Having said that, the bond company can be a friend. Read the article here: www.filmbudget.com/completion-bond/
2 people like this
www.filmbudget.com/completion-bond/
3 people like this
Great article Jack thank you
2 people like this
Maxwell Moore Thank you. Very kind, glad you found it of value.