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The Introduction Of Film Finances Inc
In 1950, Film Finances Inc. was established to assist moviemakers looking to borrow funds. Film Finance Inc. supplies completion bonds to films, interactive digital movies, and television productions. Based in Los Angeles, this film finance company was set up to guarantee the lenders that the contracted film would be delivered in return for a percentage of profits or the overall budget of the movie. This is a significant progression in the industry because large film corporations experienced huge losses after the post-war financial crisis. A large number of established firms were forced to cease production, which resulted in a wake-up call to the industry. Prior to this innovation, filmmakers were taking out huge loans and mortgages to fund their films, which needless to say was extremely risky form of film financing.
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