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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.
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