Cinema Capital

Cinema Capital primarily writes senior secured loans collateralized by confirmed distribution agreements, pre-sales contracts and transferable state or international tax credits. Loans carry completion-bond requirements and cash-flow waterfalls that prioritize repayment upon delivery. The firm does not typically take equity positions or intellectual-property ownership, which distinguishes its credit product from studio co-financing models.

The firm finances independent feature films, scripted television series, documentaries and occasionally unscripted content when backed by confirmed distribution commitments. Project budgets generally fall between $1 million and $50 million. Cinema Capital's underwriting depends on collateral quality and contractual certainty rather than genre or talent attachment, though a marketable cast or recognizable IP strengthens a transaction's overall credit profile.

No. Cinema Capital is a production-focused lender, not a venture-debt provider. Its loans are secured against specific project receivables and tax incentives — not against company equity, enterprise value or recurring-revenue streams of media-platform businesses. The firm does not invest in media-technology startups or streaming platforms.

Many U.S. states and Canadian provinces offer transferable tax credits equal to a percentage of qualified production spend. Producers often cannot monetize those credits until after filing tax returns — a delay that creates a working-capital gap. Cinema Capital advances cash against confirmed credit estimates, taking assignment of the receivable and collecting directly from the government or a secondary-market buyer upon audit completion. This structure allows producers to fund pre-production without surrendering project equity.

The firm concentrates on U.S. incentive states — California, Georgia, New York and Louisiana represent the bulk of active production hubs — alongside Canada co-production deals governed by treaty and provincial tax-credit regimes. Cinema Capital will finance qualifying international productions when there is a U.S. distribution component and a clearly enforceable collateral assignment, though this represents a minority of its loan book.