×
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

  • Thierry Frémaux, José Luis Rebordinos Honored

    Thierry Frémaux, José Luis Rebordinos Named Honorary Argentine Academy Members

    BUENOS AIRES — In a ceremony just before Friday’s prize announcements at Ventana Sur, Cannes chief Thierry Frémaux and José Luis Rebordinos, director of the San Sebastian Festival, were named honorary members of Argentina’s Academy of Motion Picture Arts and Sciences, in a new move for the Academy, out through by its new president, Bernardo [...]

  • Nona

    Film Review: 'Nona'

    Twenty years and 12 features down the line, it’s still hard to peg the directorial sensibility of Michael Polish, with or without the presence of brother Mark as frequent co-writer and actor. His output has been all over the place, from early Lynchian quirkfests to the very middle-of-the-road inspirational dramedy “The Astronaut Farmer,” not to [...]

  • Pawel Pawlikowski "Cold War"

    Pawel Pawlikowski's 'Cold War' Wins for Best Film, Director at European Film Awards

    “Cold War,” Pawel Pawlikowski’s black-and-white romance set in the 1950s, scooped the prizes for best film, director and screenplay at the 31st edition of the European Film Awards on Saturday. “Cold War” star Joanna Kulig also won the award for best actress. Marcello Fonte, the star of Matteo Garrone’s “Dogman,” won for best actor. Armando Iannucci’s [...]

  • The Favourite Bohemian Rapsody Star is

    The Best Movie Scenes of 2018

    When we think back on a movie that transported us, we often focus on a great scene — or maybe the greatest scene — in it. It’s natural. Those scenes are more than just defining. They can be the moment that lifts a movie into the stratosphere, that takes it to the higher reaches of [...]

  • Spider-Man: Into the Spider-Verse

    Box Office: 'Spider-Man: Into the Spider-Verse' Soars Toward $35-40 Million Debut

    “Spider-Man: Into the Spider-Verse” is swinging into theaters on a high note. Sony-Marvel’s latest output is launching to $42 million from 3,813 North American locations in its debut, though other more conservative estimates place that number at $35.5 million. The animated superhero story picked up $12.6 million on Friday, easily leading the pack for the weekend. [...]

  • Ventana Sur : Cinema226 Closes Four

    Cinema226 Announces Four Intl. Co-Productions, Hints at More (EXCLUSIVE)

    Mexico’s Cinema226, run by Marco Antonio Salgado and Sam Guillén, is driving into a raft of Mexico, Argentina and Spain co-productions, playing off the current vibrancy of Mexican film production funding and distribution outlets. Among the projects are titles which have been standouts at Ventana Sur’s Blood Window, the next film by Mexico-based Argentine filmmaker [...]

  • Ventana Sur Debates Gender Parity in

    Ventana Sur Debates Gender’s 50/50 in 2020 for Argentina Film Industry

    BUENOS AIRES — Despite recent gains, namely the equality pledge towards 50/50-2020 signed at the Mar del Plata Film Festival on Nov. 12, producer Magalí Nieva, pointed out that no representative from INCAA was present following the apparent resignation of its vice-president Fernando Juan Lima. “We are left without an interlocutor to discuss gender policies [...]

More From Our Brands

Access exclusive content