Company to provide completion bonds to Teutonic pix
LONDON — The completion guarantor Film Finances Inc. has launched a German arm to provide completion bonds to German productions.
The office in Cologne will be headed by Marcus Loges, who served as line producer on “Cloud Atlas,” which Film Finances bonded.
The move follows the upsurge in international projects being structured as German co-productions to access the German Federal Film Fund and the country’s generous regional subsidy programs.
The first pic to be bonded by Film Finances Germany is Ron Howard’s “Rush,” which received coin from the Federal Film Fund, Nord-Rhein Westphalia and Baden-Wuerttemberg.
“Rush,” about the Formula One world championship duel between James Hunt and Nikki Lauda in 1976, is co-financed by Exclusive Media and Cross Creek Pictures, and will be released by Universal in North America.
The launch of Film Finances Germany was announced by L.A.-based co-presidents Kurt Woolner and Steve Ransohoff.
They also confirmed that the new arm is working with camera and lighting firm Arri Film & TV to develop a structure, which will help producers to monetize German subsidies more efficiently. This is being co-ordinated by Arri development exec Thomas Nickel.