Invests in pix via music budgets, supervision
Four-year-old Cutting Edge has provided advance funding for more than 145 films, notably “The King’s Speech.”
CEG’s business model involves advancing funding for a film’s music budget (including scoring, clearances and music supervision) as well as in-kind services. It then recoups its investment via soundtrack and sheet music sales, plus licensing and royalties from international ticket sales and TV deals.
Exclusive Media, which has an extensive relationship with Cutting Edge, is a production company on “End of Watch” and “Snitch.”
Open Road is launching “End of Watch,” starring Jake Gyllenhaal, on Sept. 28 in the U.S. “Snitch,” starring Dwayne Johnson and directed by Rick Ronan Waugh, will be distributed by Lionsgate in the U.S.
“Chernobyl Diaries,” produced by FilmNation Entertainment, is being released by Warner Bros. on May 25. The thriller, directed by Bradley Parker, stars Jesse McCartney.
In 2008, Cutting Edge received an initial investment of $15 million from investor Aberdeen Asset Management; it set up its first multipicture deal with Joel Silver’s Dark Castle Entertainment in 2009.