×
You will be redirected back to your article in seconds

AFM: The Exchange, Forest Road Launching Film-TV Fund (EXCLUSIVE)

In a deal reached at the American Film MarketThe Exchange and Forest Road are in final discussions to partner on a long-term film and television fund, Variety has learned exclusively.

The companies made the announcement Nov. 4 on the fourth day of AFM after working together on Hannah Marks and Joey Power’s upcoming feature “Shotgun,” a comedy-drama starring Marisa Tomei, Gina Gershon and Maika Monroe.

The fund, which is yet to be named, will be investing in independent film and television productions through the newly formed joint venture and be co-managed by The Exchange and Forest Road executives. It will have offices both in New York and Los Angeles.

The Exchange, which has handled sales on “Shimmer Lake,” “The Spectacular Now” and “A Street Cat Named Bob,” will sell some of the fund’s projects, but not all. The sole purpose is to lend capital to responsible production companies at below-market rates in a seamless manner.

Forest Road offers low-cost financing options for tax-related collateral for a variety of industries. The partnership should accelerate its expansion into independent film and television financing.

“Diversification and flexibility will be the key to our success,” said Brian O’Shea, CEO of The Exchange. “Within the last year, we have hired a veteran studio producer and started our own production label, and secured a line of credit for film acquisition purposes with Pacific Mercantile. Adding a film fund is a good next step, which allows growth of our core business of film production, financing and licensing.”

The Exchange is selling its first original production, “Septillion to One,” along with “A Girl From Mogadishu,” starring Barkhad Abdi, and “Flower,” starring Adam Scott, Kathryn Hahn and Zoey Deutch.

“We have been fortunate enough to put an all-star team together in the beginning of 2017 and after working with The Exchange, all of the synergies between our two businesses was quickly apparent,” said Zachary Tarica, founder of Forest Road Co. “Creating this structure will allow us to utilize The Exchange for their industry know-how and production capabilities and couple it with our lending expertise. Stocks are at all-time highs, interest rates are at historical lows, and we see tremendous potential in investing in debt securities that are uncorrelated to the public market and diversifying our shareholders assets.”

O’Shea and Caddy Vanasirikul from The Exchange and Tarica from Forest Road are negotiated the deal.

 

More Film

  • Quentin Tarantino

    Quentin Tarantino Documentary 'QT8: The First Eight' Scores Sales (EXCLUSIVE)

    Wood Entertainment has completed sales for France, Germany, Turkey, Italy and Russia for “QT8: The First Eight,” a documentary that chronicles Quentin Tarantino’s first eight films. The first buyers’ screening took place on Sunday at the Cannes Film Festival. Tarantino’s ninth film, “Once Upon a Time in Hollywood,” premiered at Cannes on Tuesday night. Producer [...]

  • 'Asbury Park' Doc Covers Bruce Springsteen,

    Film Review: 'Asbury Park: Riot, Redemption, Rock 'N Roll'

    A civic Phoenix story is promised and effectively delivered in “Asbury Park: Riot, Redemption, Rock ‘N Roll,” even if there’s little doubt that what much of the audience will be hoping for from this documentary is Bruce, the whole Bruce and nothing but the Bruce. The film satisfies a good portion of that craving with [...]

  • Timothy Olyphant Once Upon a Time

    Timothy Olyphant Explains Why He Did 'Hitman' Movie

    The 2007 film adaptation of the “Hitman” video game franchise is … not good. It received a score of 15% on Rotten Tomatoes, with many critics panning its incoherent plot and terrible dialogue. So, why did actor Timothy Olyphant take on the lead role as Agent 47? He had a mortgage to pay, he told [...]

  • Daniel Craig

    Daniel Craig to Undergo Ankle Surgery After 'Bond 25' Injury

    Daniel Craig will undergo ankle surgery after sustaining an injury while filming “Bond 25.” “Daniel Craig will be undergoing minor ankle surgery resulting from an injury sustained during filming in Jamaica,” the franchise’s official Twitter account posted. “Production will continue whilst Craig is rehabilitating for two weeks post-surgery. The film remains on track for the [...]

  • Oh Mercy

    Cannes Film Review: 'Oh Mercy'

    It takes more than just watching “Oh Mercy” to understand exactly why Arnaud Desplechin was drawn to the subject matter of his latest movie, a reasonably engrossing police procedural with roots in a 2008 TV documentary. Something of an unexpected detour in the veteran director’s weighty career, the film combines multiple strands to paint a [...]

  • Spielberg's Amblin Chief Jeff Small on

    Listen: Spielberg's Amblin Chief on Making 'Movies in the Middle'

    With the sequel “A Dog’s Journey” now in theaters, Amblin Partners continues to find ways to release the kind of films that aren’t typical of what dominates American multiplexes these days. An follow-up to the 2017 surprise hit “A Dog’s Purpose,” “Journey” is just another example of the cinematic strategy evident at Amblin, the production [...]

More From Our Brands

Access exclusive content