Becomes First Digital Lending Platform Dedicated to Film Financing
Blue Fox Entertainment announced that it has acquired Crossroad Lending, an innovative film financing digital marketplace which will be called Blue Fox Financing. Founded in 2015 by James Huntsman, Blue Fox Entertainment is a leading international feature film sales and domestic distribution company firmly committed to traditional theatrical and digital platforms.
Developed and created by veteran film producer, Patrick Rizzotti, Blue Fox Financing (www.bluefoxfinancing.com) services the entertainment industry connecting filmmakers with a curated database of film and television lenders as well as equity financiers. This unique platform is a marketplace for producers in need of cashflow for films gearing up for production and financial institutions as well as individual investors in need of low risk lending opportunities.
“Blue Fox Financing platform is uniquely positioned in the entertainment industry for its ability to streamline and expedite funding opportunities, for both filmmakers and lenders. Blue Fox Financing is a natural extension of Blue Fox Entertainment’s distribution and sales business but is a stand-alone company operated independently by Patrick,” said Huntsman.
Rizzotti stated “Several years ago, while attempting to cashflow a sizable streaming licensing fee, I realized there were only limited and expensive options for securing a lender, even for low risk collateral. As a result, I created a marketplace which connected filmmakers to lenders, whereby there would be one centralized platform to shop your debt financing on films. This is commonplace in other industries like mortgage, business loans and insurance. As a film producer, I’m always looking for this type of financing on my own projects and know firsthand how useful this marketplace will be to filmmakers who will now be able to instantly go out to a wide array of lenders and knowing they are getting the best rates .”
The business model for Blue Fox Financing focuses on US Tax Credit Loans, Gap/Supergap Loans, US Minimum Guarantees and/or Foreign Pre-Sales and Estimates. By facilitating access to lenders and competitive rates for this type of financing, Blue Fox streamlines a previously complex and archaic process while providing producers and lenders with an advantageous and transactional marketplace.
Patrick Rizzotti is a veteran film, television and podcast producer and founder of Crossroad Productions. His feature film credits include the critically acclaimed Pride, starring Academy Award Nominee Terrence Howard, the three film horror genre franchise The Collector, co-written and directed by Marcus Dunstan and The Super, a psychological thriller starring Val Kilmer. Upcoming films include Maximum Truth starring Ike Barinholtz & Dylan O’Brien and Bunker, directed by Adrian Langley.
More info: www.xroadproductions.com
ABOUT BLUE FOX ENTERTAINMENT
Blue Fox Entertainment is a leading global feature film sales and domestic distribution company Launched in 2015, Blue Fox’s expertise across film production, financing, sales, distribution, and marketing provides an appealing model for filmmakers and creatives.
The company’s recent domestic slate includes The Wolf & The Lion, the French romantic epic, Eiffel, and the teen dramedy, Butter. Other notable releases are the action thriller Killerman starring Liam Hemsworth; the critically acclaimed comedy Sometimes Always Never starring Bill Nighy; the Julie Delpy-directed My Zoe; and the Sundance family comedy Abe starring Noah Schnapp. Recent sales titles include: the acclaimed dramedy Language Lessons starring Natalie Morales and Mark Duplass; the charming rom-com Dating & New York; the action thriller The Wolves of War; suspense thriller The Girl at The Window; and the hit romance The Lost Husband starring Josh Duhamel and Leslie Bibb.
More info: www.bluefoxfinancing.com