“It is important to have a reputable and reliable partner when it comes to film financing. That’s what FinFilm stands for.”

Movie Goes Finance

We support filmmakers to get their projects on the big screen.

FinFilm is an innovative platform for financing European film projects. FinFilm is the result of a longstanding cooperation between EF Advisory Group SA, a Swiss consulting company for entertainment finance and AVIV Pictures GmbH, a production company from Germany.

FinFilm arranges film financing by means of a co-production in the form of co-financing. The investment protection is provided by a German insurance group, with the effect that no completion guarantee (completion bond) is required.

EF-Advisory Group SAAVIV Pictures

FinFilm is against discrimination and all people of any gender are welcome. We use the generic masculine to simplify the legibility and layout of our information.

In particular, FinFilm enables the structuring and arrangement of interim financing and GAP financing.

Even fully financed film productions find themselves challenged by the need to cashflow the upcoming production due to the delayed payment of existing financing commitments. FinFilm ensures liquidity during the ongoing production process.

If, on the other hand, the overall film financing of a production has not yet been fully closed before scheduled start of production, FinFilm closes the gap (GAP financing) and covers the missing amount of the calculated production costs.

In special cases, FinFilm also arranges access to equity.

Public Film Funds

Fin Film arranges the pre-financing of committed production funding from EURIMAGES, Media / Media Plus, FFA, as well as the regional film funding. In individual cases, FinFilm also organizes the pre-financing of funding commitments from national and regional production funding in European member states.

Tax Rebates

In individual cases, FinFilm arranges the full or partial pre-financing of tax rebates or similar tax relief instruments in European member states (tax rebates / tax credits) such as “The Tax Rebate for International Productions (TRIP)” in France or the Italian Tax Credit.

Presales

FinFilm arranges, depending on the territory and distributor, the cashflowing of presale contracts of national license rights. The amount of such bridge loan is determined on a case-by-case basis.

Minimum Guarantee

FinFilm arranges the pre-financing of a minimum guarantee, whereby the creditworthiness of the cinema distributor is evaluated. The language of the guarantee must correspond to the usual market criteria and be payable without objection upon delivery.

GAP Loans

FinFilm arranges loans (so-called GAP Loan) to close financing gaps if this closes the overall financing of the production. The GAP loans should generally not exceed 15% of the total budget. In addition, the estimated sale proceeds deriving from the license rights of unsold territories shall cover at least 300% of the GAP loan.

Equity

In individual cases, FinFilm arranges cash contributions of up to 10% of the total film production budget. Requirement for this equity film financing is a first rank recoupment of 120% of the investment and a net profit participation.

FinFilm requirements

FinFilm arranges the film financing on the basis of existing framework agreements with pre-determined rules and requirements.

These are our rules:

Budget from 3M euros

Projects with a budget of less than 3 million euros can usually not be considered


The production budget shall be drafted accordingly  to the FFA guidelines for project film funding part B. For international productions different rules may apply.


Packaging completed / ready to shoot

 

The key elements (cast & crew) are attached.


Locations are fixed and available.


The shooting schedule is finalized and adapted to specific locations.


Proof of filming rights (filming contract, screenplay contract, etc.)


Budget and cash flow plan completed.


Co-production contracts and other financing contracts have been executed.


Collection Account Management Agreement (CAMA) is completed. FinFilm accepts the collection account managers approved by Euroimages.
For German production FinFilm accepts occasionally local trustees.


Europan funding granted

 

Legally binding approval of the production funding shown in the financial plan.


In the case of tax credits / tax rebates, an additional, legally binding contract with local service producers stating the subsidies to be offset.


World sales with Sales Estimates

FinFilm accepts world sales agents with an international track record and operational presence in the most important film markets.


Sales estimates are considered confirmed if at least 3 countries from 2 continents have been sold and the proceeds achieved are not below the TAKE prices.


Financing closed (with GAP)

The film is considered “financed” if the negative production costs (including contingency) are covered by the sales estimates on a “take” basis plus non-refundable grant / tax credits.


Financing plan and proof of funds are made available.


Best practice example:

Ratio of finance elements for feature film production with international theatrical release:

  • Equity / deferments: 15%
  • Presales / Minimum Guarantee: 30%
  • Soft Money / Tax Credits & Rebates: 40%
  • GAP: 15%

Budget from 3M euros


Projects with a budget of less than 3 million euros can usually not be considered.


The production budget shall be drafted accordingly to FFA guidelines for project film funding Part B. For international productions different rules may apply.


Packaging completed / ready to shoot


The key elements (cast & crew) are attached.


Locations are fixed and available.


The shooting schedule is finalized and adapted to specific locations.


Proof of filming rights (filming contract, screenplay contract, etc.).


Budget and cash flow plan completed.


Co-production contracts and other financing agreements have been executed.


Collection Account Management Agreement (CAMA) is completed. FinFilm accepts the collection account managers approved by Euroimages. For German productions FinFilm accepts occasionally local trustees.


European funding granted


Legally binding approval of the production funding shown in the financial plan.


In the case of tax credits / tax rebates, an additional, legally binding contract with local service producers stating the subsidies to be offset.


World sales with Sales Estimates


FinFilm accepts world sales agents with an international track record and operational presence in the most important film markets.


Sales estimates are considered confirmed if at least 3 countries from 2 continents have been sold and the proceeds achieved are not below the TAKE prices.


Financing closed (with GAP)


The film is considered “financed” if the negative production costs (including contingency) are covered by the sales estimates on a “take” basis plus non-refundable grant / tax credits.


Financing plan and proof of funds are made available.


Best practice example:

Ratio of finance elements for feature film production with international theatrical release:

  • Equity / deferments: 15%
  • Presales / Minimum Guarantee: 30%
  • Soft Money / Tax Credits & Rebates: 40%
  • GAP: 15%

Procedure

Four steps to disbursement of the film financing

FinFilm has pre-defined and transparent criteria for approving film financing arrangements. Therefore, the path from the first contact to the payment is clearly structured.

From the checklist of required documents to reviewing the production to the necessary contracts, FinFilm has pre-agreee criteria for the film financing with investors and insurance companies.

STEP 1
Contact

Production contacts FinFilm

  • Contact is made through the inquiry form, as all other inquiries cannot be processed (see button “INQUIRY FORM“)
  • ​Send inquiry form to FinFilm
  • ​FinFilm will review the request and will respond within 5 business days
  • Mutual Confidentiality granted by NDA
STEP 2
Due Diligence

FinFilm examines the project

  • Upload the documents to FinFilm secure data room
  • FinFilm examines the documents
  • FinFilm sends preliminary financing commitment and engagement letter
STEP 3
Legal

FinFilm sends the contracts

  • Signing of the FinFilm film financing contracts
  • Setup Escrow account
STEP 4
Film Financing

FinFilm pays out funding

  • Disbursement of film financing funds to escrow account
FinFilm return

FinFilm expects that all revenues are directed to a escrow account (managed collection account). In addition to the internationally recognized Collection Account Managers (> see Euroimages), 

FinFilm accepts tax consultants, auditors or lawyers with proven experience for purely German productions.

 

The way in which the funds financed are returned depends on the type of financing.

BRIDGE LOAN

  • Financing of pre-sales or minimum guarantees are recouped directly from the theatrical distributor. If direct recoupment is not possible, recoupment is made  through a specific corridor in the CAMA.
  • Cash-flowed subsidies are recouped by assigning payment claims against the funding bodies. If an assignment is not possible, the recoupment takes place through a specific corridor in the CAMA.
  • Cash-flowed tax rebates are returned by assigning the reimbursement claims to the respective tax agencies, with waterfall protection.
  • Pre-financed tax credits are returned by assigning the claims to the service producer, with waterfall protection.

GAP LOAN

  • GAP Loan is recouped through the waterfall on a last-in-first-out (LiFo) basis.
  • As a general rule, priority is only given to fees of the Collection Account Manager and World Sales Agent.
  • The GAP loans are secured by pledging the unsold rights worldwide.

EQUITY

  • In case of equity contribution (own funds), the recoupment of such own funds plus agreed fees is granted priority in the waterfall over all other producers. The return of the profit sharing, on the other hand, takes place pari passu with all producers.
Pre-financed funding is returned directly by assignment via corridor
Pre-financed pre-sales and minimum guarantees are returned directly by assignment per corridor
GAP is returned LIFO via the Collection Account
Equity is returned with profit sharing via the collection account in the waterfall
Pre-financed funding is returned directly by assignment via corridor
Pre-financed pre-sales and minimum guarantees are returned directly by assignment per corridor
GAP is returned LIFO via the Collection Account
Equity is returned with profit sharing via the collection account in the waterfall
Team
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Enrico Fadani
founder

Enrico has been responsible for complex transactions in an international environment as a business lawyer for more than 25 years. He discovered his passion for film financing early on and shared responsibility for the development of various international film funding laws. He provides legal support to film productions in Germany and abroad in structuring and implementing financing. As a speaker and with the publication of articles he has dealt with the deepening of the critical topics of film financing and its implementation in the international environment

Filmfinanzierung, finfilm, Finanzierung, Film, Produktion

Michel Morales
founder

Michel has been responsible for more than 34 films since 2000. Including “Quiero Ser”. This film won a student Oscar and another Oscar a year later, in 2001, in the Short Film (Live Action) category of the Academy of Motion Picture Arts and Sciences. The documentary series “Life Running Out of Control” also received prestigious international awards. In addition to other non-fiction content, Michel also participated in international feature films such as “Miss Conception” with Heather Graham and Mia Kirshner, “Good” with Viggo Mortensen, “Euphoria” with Eva Green, Charlotte Rampling, Alicia Vikander.

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Oliver Mess
New Business Development

Oliver Mess has worked in Los Angeles on various productions for German television and has been Associate Producer of the US talk show ‘Skip E. Lowe “Looks at Hollywood” since 1998. Oliver divides his time between Hamburg and Los Angeles and has established business relationships (real estate, publishing, film) in both cities for many years. He has worked with Michel Morales on various international film productions since 2014 and they entered into a partnership in early 2018. Today Oliver is responsible for New Business Development.

finfim-Filmfinanzierung, finfilm, Finanzierung, Film, Produktion

Neni Gotzmann
project management

Neni Gotzmann has been active in the film and TV business since 1993. Initially at home in the creative departments of make-up, costumes, equipment and graphics, Neni switched to operational planning and international representation in 2007, where she was responsible for trade fair appearances, international license trading and new business, among other things.

She has been working in TV production companies since 2015, where she is responsible for the realization of international documentaries in various positions (project management, first recording manager, production manager).

All important facts about the request!

inquiry form

 

* = mandatory fields

Inquiry Form Film Financing
Contact Person
Contact Person
First Name
Family Name
 


 

Director
Director
First Name
Family Name
Author
Author
First Name
Family Name
 


 

Key Cast attached?
 


 

 


 

Does the finance plan cover the budget (eventually including the FinFilm GAP loan)?
 


 

Sales Agent?
Any territories sold?

FinFilm

A trademark of EF Advisory Group SA
Via alla Campagna 4
6900 Lugano
Switzerland

+41 91 2600 810

Filmfinanzierung, finfilm, Finanzierung, Film, Produktion

Representative Office Germany

Tengstrasse 27
80798 Munich
Germany

+49 89 1226 03 93