Wall Street financiers Howard Silverman and Neil Grossman are opening their wallets for Hollywood, creating Toast & Jam Holdings by investing in production-financing banner Cinipix, animation house Cosmic Toast Studios and rental production company Cinirents.
The funds will be used to exand the development, production and distribution operations of Cinipix and Cosmic Toast along with enhancing the ability to identify strategic acquisition opportunities, including digital distribution.
Coin will be used to distribute completed Cinipix projects — action-thriller “Raze,” starring Rachel Nichols and Zoe Bell; actioners “The Devil’s Ink” and “McCanick”; true-life story “It’s Dark Here”; and comedy “Gangbusters” — along with producing and funding multiple films per year. They also plan to acquire and partner with third-party producers, offering post production, equity and sales partnerships.
“We are excited to invest in Toast & Jam and provide the resources necessary for Cosmic Toast and Cinipix to create, develop and produce outstanding creative product and content,” said Silverman and Grossman in a joint statement.
Grossman, Silverman and their partners have also appointed veteran entertainment execs Todd Slater and Deb Pierson to serve as CEOs of Cinipix and Cosmic Toast Studios, respectively.
Burbank-based Cosmic Toast works on the “Hey Wordy!” series aimed at teaching children foreign words, phrases, and cultures.
“With the financial recourses of Neil and Howard, we have the ability to expand into one of the most multifaceted studios and production companies in Hollywood,” Slater and Pierson said.