How Hollywood fintech FilmHedge raised millions to finance movies, TV shows

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

United States News News

Check out the 18-page pitch deck that Hollywood-focused fintech FilmHedge used to raise tens of millions and help hot new movies and TV series get made

Embracing data to help make projections about whether projects are destined for success is a net positive, in Gosier's view. Otherwise, what gets made in Hollywood"becomes very much just the subjective opinion of some very powerful gatekeepers," he said.

The company says it's lent about $101 million in credit capital and generated $113 million in returns. The startup says it can help 'mitigate loss from fraud, money laundering, or misappropriation of funds.'FilmHedge points to its algorithms and data collection, saying they can minimize investors' risk.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines