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- This shift left independent producers in dire need of financing, a gap that Film Finances Inc. (FFI) was formed to fill. FFI's role was to provide completion guarantees, assuring lenders of the effective use of their funds and the delivery of completed films.
www.filmfinances.com/aboutAbout FFI - Shaping the Film Industry Since 1950 - Film Finances
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How does FFI guarantee film production?
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What role did FFI play in film production?
FFI's role was to provide completion guarantees, assuring lenders of the effective use of their funds and the delivery of completed films. FFI was incorporated on February 24, 1950, by Lloyds underwriter Peter Hope and film producer Robert Garrett.
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Evaluation - About FFI - Shaping the Film Industry Since...
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Monitoring - About FFI - Shaping the Film Industry Since...
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Sample Documents - About FFI - Shaping the Film Industry...
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completion guaranteed. With FFI, the successful completion of your film is assured. Our comprehensive approach covers every phase, from start to finish. Our commitment is not just to start your project but to see it through to its triumphant delivery to audiences.
By closely monitoring the progress of each film for which it provides a guarantee, FFI requires copies of the key production documents − script, budget, cross-plot, schedule, daily progress reports and weekly cost sheets.
Jun 24, 2019 · A completion guarantee is issued to guarantee that a film will be completed and delivered to the distributor in accordance with the script by a stated outside date.
- What Are Typical UK Film Production Costs?
- How Much Does Film Production Insurance Cost?
- Other Film Completion Bond Requirements
In 2017, only 1 of the 142 films made in the UK was produced for £15 million or more. 76% of film projects incurred costs up to £2 million, and 19% cost between £2 million and £10 million.
Film completion bonds are different from standard film insurance, which may include: public liability insurance, insurance for equipment, the cast, media, third party damage, and so on. Film completion bonds involve a much more hands-on and involved process of risk handling and assessment. Consequently, the costs involved in providing the bond are ...
Some completion bond guarantors who charge an upfront fee agree to a proportional rebate if no claims are made after the film is delivered. This is sometimes known as a no-claims rebate or no-claims bonus. The terms of the completion bond contract will almost always require the usual underlying film insurance policies to be in place. Moreover, the ...
Sep 25, 2019 · Completion bonds are contractual agreements whereby producers pay a fee to completion guarantors, who issue a guarantee that the film will be completed in accordance with the script and delivered on schedule to distributors.
Sep 10, 2021 · A bond is basically an insurance policy that a producer takes to financiers, lenders, and distributors as a guarantee that the film will be delivered on time and within budget – or their money back.
