The announcements were made at the FILM FINANCE FORUM on May 20th where filmHedge's CEO & Founder Jon Gosier was speaking in the "State of the Industry" panel.
Jon Gosier is the CEO and Founder of FilmHedge (http://filmhedge.com), a financial technology company that uses data and technology to improve Film and TV financing. FilmHedge accomplishes this by partnering with large institutional capital partners and automating placement of capital on their behalf. Meanwhile, eligible borrowers are issued debt financing up to $10M per project.
Prior to starting FilmHedge Jon spent years in tech and venture capital before becoming an independent film and media investor. He then developed an interest in successfully disrupting media finance models. His previous tech company, Audigent, provided music artists like Camila Cabello, Eminem, Post Malone, Blake Shelton, Bruno Mars, Ed Sheeran, Shakira, Rihanna, Jay-Z, and others new ways of understanding data with corporate partners that include: Condé Nast, TransUnion, Warner Music Group, Penske, a360 Media, Fandom and many others.
Jon is local to Atlanta, Georgia and is an alum of Savannah College of Art and Design.
We, at filmfestivals.com, are proud to share the big news Jon Gosier brought to Cannes, as a partner Jon Gosier has always been there when we needed his support !.
Atlanta-based Fin-tech company FilmHedge has closed on $100M in debt financing to modernize Film and TV financing with its tech and data products.
The latest deal was with the private credit firm Coromandel Capital and follows a previous closing earlier this year between the company and another firm. Both transactions were $50M, giving FilmHedge $100M in total lending capacity.
FilmHedge is a fin-tech company providing short-term debt financing to borrowers working in Film, TV, and media. One of the company’s services is a lending platform that provides short-term financing (up to 12 months) to producers. The system determines the terms for loan offers algorithmically, based on the production finance plan and corporate agreements. The company also offers data products which track production spending in real-time, automate performance reports for investors, and financial transaction insights previously unavailable to media investors.
Coromandel Capital provides flexible, non-dilutive growth capital via senior secured lines of credit and term loans to specialty finance and FinTech’s that otherwise do not conform to the traditional credit boxes of banks and other financial intermediaries. A true partner, as opposed to a passive check, Coromandel Capital permits its clients to earn better terms over time, as well as provides operational advisory and outsourced capital markets.
“Our mission at FilmHedge is to make media investing more efficient, faster, and more scalable. You can’t really do that if you’re a film fund, a bank, or a private equity shop. Those models require too many decision-makers to sign off on a deal, which means they are slow,” said Jon Gosier, FilmHedge’s Founder and CEO. READ MORE CONTACT FILMHEDGE
Jon Gosier spoke at the FILM FINANCE FORUM may 20 10.10 to 11 am, on this occasion he gave the exclusivity of his big announcements to the floor in the Palais
10:10AM-11:00AM
STATE OF THE INDUSTRY
Productions are moving forward, and we want to know how those deals were closed, who to look out for in the market and what distribution will look like now. Consumers want to be entertained in new and exciting ways and we are eager to learn about how to keep audiences interested in this post-COVID world. We’ve seen an increase in engagement with documentaries, untold stories and local language content from around the world. It is the time to explore new facets of the industry and further explore the use of multi-purpose platforms. We will hear from our elite speakers on their thoughts about the re-emergence of live aspects of our industry, and all the new and exciting trends to look forward to in 2022 and beyond.
Moderator:
Judith Chan, Executive Director, Media Banking Office, Coutts & Co
Panelists:
Jon Gosier, CEO and Founder, FilmHedge
Jeffrey Greenstein, President, Millennium Media
Lee Broda, Founder, LB Entertainment
Nate Bolotin, Partner, XYZ films
Patrick Rizzotti, Producer and Founder, Blue Fox Financing
the Panel given to a full house was followed by a reception at FILMHEDGE Terrace at 57 la croisette.
Katie Witkowski (Winston Baker), Rebeca Leffler (Ecran Total), Bruno Chatelin (filmfestivals.com), Jon Gosier and Mickey Vetter (FilmHedge), Tyler Sabino (Winston Baker)
Jon Gosier...with Jérôme Paillard Marché du Film
Mickey Vetter, Josh Harris and Jon Gosier FilmHedge at their FLIFF Beach Party
...with Gregory von Hausch FLIFF Founder
...with Jimmy Jean-Louis at his fund raiser!
...with Jérôme Paillard MDF, Bruno Chatelin filmfestivals.com and Jonathan Wolf AFM hosting the industry tribute to their career
...with a Zoomed Zelenski at the Festival opening
...with Bruno Chatelin and 2800 festival VIPs at Grand Théatre Lumière on opening night.
The FilmHedge team on the 75th anniversary red carpet
21.06.2022 | Cannes Market Dailies's blog
Cat. : PEOPLE