Media Credit score Assure from Kerry London Europe supplies a monetary assure to carry extra impartial movies, television sequence and animations to life
(London, United Kingdom), Tuesday, 31st October 2023: A model new monetary assure, designed solely for the movie and media {industry}, will lastly present lenders throughout the globe with monetary safety when funding impartial productions.
The Media Credit score Assure is launched at this time by Kerry London Europe to coincide with the American Movie Market. This distinctive monetary assure is designed to make it simpler for banks and different lenders to confidently provide funding to impartial producers of movie, television sequence and animation.
Importantly, it’s the primary product of its variety tailor-made particularly to the movie and media {industry} and is obtainable solely by Kerry London Europe.
The brand new product provides a assure to banks and different lenders, making certain contractual funds are made on time. If unexpected circumstances similar to insolvency forestall funds from distributors or incentives, the Media Credit score Assure protects lenders from losses of as much as £5 million per distributor or incentive contract.
“The American Movie Market is the proper springboard to launch our industry-first Media Credit score Assure to the worldwide movie {industry}, banks and financiers,” explains Ansley Williams, Shopper Providers Director at Kerry London Europe. “This assure may have an extremely optimistic influence, bringing extra productions to life with minimal negotiations with lenders.”
Impartial movie productions, notably these with overseas distribution offers or no well-known expertise connected, have beforehand been thought of high-risk investments and ‘indie’ producers or manufacturing corporations typically lack the collateral wanted to reassure lenders. The Media Credit score Assure removes these obstacles, enabling lenders to speculate confidently in artistic initiatives.
Kerry London Europe is now accepting Media Credit score Assure purposes for movie and media initiatives. For extra data go to our web site.
About Kerry London Europe
Kerry London Europe, a buying and selling type of Kerry London Restricted, has a collection of versatile options for the Movie, Media and TV Manufacturing {industry}. Our crew has specialist data and the market perception to ship options for every distinctive movie and media challenge. They may determine any dangers, present perception on any rising issues, and organise cowl accordingly.
As a number one, impartial insurance coverage dealer, Kerry London has entry to the worldwide movie and media insurance coverage market, together with area of interest markets and schemes in Lloyd’s of London and past. Kerry London is an accredited Lloyd’s dealer, so the options and merchandise we suggest are complete and have been designed with the movie and media {industry} in thoughts.
About Media Credit score Assure
The Media Credit score Assure covers characteristic movies, TV sequence, documentaries, and animation. It sometimes covers the defaulted funds from:
- Commerce companions, similar to distributors and broadcasters
- Funding companions, similar to tax incentives, tax credit or public subsidies
The Media Credit score Assure accelerates lending selections in the direction of movie producers and alleviates dangers similar to distributor liquidity and surprising occasions that delay cost of minimal ensures or incentives.
Originally posted 2023-10-31 14:34:07.