EXCLUSIVE: MediaHedge, the parent company of Atlanta-based finance platform FilmHedge (Dead Man’s Wire), is launching a film and TV joint venture fund with a New York asset management firm.
FilmHedge, which lends money against pre-sales and tax credits, has worked on movies including Gus Van Sant’s Dead Man’s Wire, André Holland and Kate Mara starrer The Dutchman, and upcoming romantic-drama Virginia Woolf’s Night & Day, with Haley Bennett, Lily Allen and Jack Whitehall.
The company declined to name the New York-based institutional investor it was partnering with on the fund, but the transaction was arranged by advisory platform Koo Capital.
According to the partners, the joint venture “will provide structured capital solutions to producers and studios, supporting a diverse slate of film and media projects across multiple genres and distribution platforms.”
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The partners said the initial capital commitment of
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