In a deal reached at the American Film Market, The Exchange and Forest Road are in final discussions to partner on a long-term film and television fund, Variety has learned exclusively.
The companies made the announcement Nov. 4 on the fourth day of Afm after working together on Hannah Marks and Joey Power’s upcoming feature “Shotgun,” a comedy-drama starring Marisa Tomei, Gina Gershon and Maika Monroe.
The fund, which is yet to be named, will be investing in independent film and television productions through the newly formed joint venture and be co-managed by The Exchange and Forest Road executives. It will have offices both in New York and Los Angeles.
The Exchange, which has handled sales on “Shimmer Lake,” “The Spectacular Now” and “A Street Cat Named Bob,” will sell some of the fund’s projects, but not all. The sole purpose is to lend capital to responsible production companies at below-market rates in a seamless manner...
The companies made the announcement Nov. 4 on the fourth day of Afm after working together on Hannah Marks and Joey Power’s upcoming feature “Shotgun,” a comedy-drama starring Marisa Tomei, Gina Gershon and Maika Monroe.
The fund, which is yet to be named, will be investing in independent film and television productions through the newly formed joint venture and be co-managed by The Exchange and Forest Road executives. It will have offices both in New York and Los Angeles.
The Exchange, which has handled sales on “Shimmer Lake,” “The Spectacular Now” and “A Street Cat Named Bob,” will sell some of the fund’s projects, but not all. The sole purpose is to lend capital to responsible production companies at below-market rates in a seamless manner...
- 11/4/2017
- by Dave McNary
- Variety - Film News
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