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Follow on Google News | New Finance Model For Indie ProducersHollywood Finance Solutions to help indie producers raise capital for their low-budget films.
Created by industry veteran Edward Prince - former Beverly Hills finance manager for Camden Holdings, Inc. and private financier - HFS will use its broad range of financial contacts to assist indie producers. Specializing in the $2.5M range, HFS charges (5%) of the completely financed budget. Producers must submit a project at the script stage for greenlighting. Once greenlit, the project goes into active financial development. Scripts who do not pass are given notes for rewrites. There is a nominal $10 coverage cost. HFS charges (1%) of the (5%) film budget upfront. If they cannot finance a film within (12) months, the fee is returned. They also offer a distribution service for completed films. "I know these words are euphonious for many a struggling producer", states Prince. "Our goal is to see a project financed and processed through our distribution service where we retain a modest five-percent on the back-end." For more information go to: www. HollywoodFinanceSolutions.com # # # Edward Prince has been involved in the finance industry for (20+) years - HFS contacts include hedge fund managers, investment brokers and high net worth individuals as well as proprietary internal sourcing. End
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