Grossman, Silverman Invest Cinipix, Cosmic Toast

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.

The coin will be used to distribute a quintet of 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 the comedy “Gangbusters” — along with producing and funding multiple films per year as well as 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!” educational 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 of the most multifaceted studios and production companies in Hollywood,” Slater and Pierson said.

Grossman is the CEO of TKNG Capital. He has previously worked for JPMorgan, the Central Bank of Norway and Deutsche Bank and started and run the Global Macro TKNG Global Investment Fund and the Fixed Income Arbitrage Polaris Navigator Fund. Silverman ran Guntal & Co. as chairman and CEO between 1974 and 1995.

Slater is a former exec with Anschutz Film Group and worked on “Ray,” “Sahara,” “Swimming Upstream” and “Chain Letter” and cofounded Slater Brothers Entertainment as an entertainment and consulting company. Pierson is the former VP of sales and marketing at digital kids’ entertainment network Kabillion, working with MGA Entertainment, Jakks Pacific, General Mills, Lego and Skechers.

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