This is the second of a four-part educational series on how investors can participate in film financing without speculation. Most new investors in film financing understand the concept of collateral, but very few understand how structured lending in film financing actually works. The reason is simple. Traditional film investing has been dominated by equity, speculation, and creative uncertainty. Senior debt lending operates in a completely different world. It is grounded in c

This is the first of a four-part educational series on how investors can participate in film financing without speculation. For decades, the phrase “ film investing ” carried a certain mystique and a fair amount of skepticism. It sounded exciting, but for most investors, it also sounded like a gamble. The stories that made headlines were often about blockbuster hits or box-office failures, not about predictable returns. For serious investors who value collateral, underwriting