[gallery size="full" ids="158941,158942,158943,158944"]
A completion bond is often used to insure an independently financed film or television project, thereby protecting the financial interests of the investors and/or bank lenders for its completion. If the producer is unable to complete and deliver the project on time and on budget according to the contract, a form of payment is triggered for the guarantor.
Large, capital rich companies with vast balance sheets and a willingness to retain risk are investing in streaming content at a rapid pace. This has led to a reduction in appetite for bonded movie and television productions and an increase in pricing pressure for completion bonds.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.