A/R Financing – TV Production

Product Line: Factoring Line

Funding
Line Amount: 2 transactions, $1,000,000 and $750,000

Company
Type: Film and Video Production Company

Industry
Type:  Motion Picture Producers and Studios

Revenue:
$9MM (from first contract)

Location:
Florida

 

Industry

Our client, who has been in operation for 9 years, owns licenses for audio/visual
content that is sold to television companies and digital platforms, such as
Netlfix and Amazon.  It also has a subsidiary that oversees the production
of biographical TV shows and series. The company is headquartered in Florida
and has production offices in Mexico, Argentina and Spain.  Once our
client develops an idea for a TV series, it produces the episodes and then
sells the license to its clients (the TV companies) who are then allowed to air
the series’ on their networks.

 

Challenge

The company is looking for working capital to be able to continue to produce a
variety of TV shows.  Once it sells a show to one of its clients, that
client is allowed to run the series three times in a three-year period.
Payment terms are carried out on a quarterly basis. Because the client
licenses its shows to other companies, it is important to make sure those
companies have a good history of paying their bills on time.

 

Solution

Although the company just executed its first contract in 2018, it has production and
distribution agreements with large well-known production companies in Latin
America and has executed a second licensing contract with a third on the way.
It employs a highly skilled and seasoned team to work on both current and
ongoing projects. The company hasn’t had any negative media exposure and has a
low risk rating, as well as a satisfactory payment history with it’s licensee.

 

Benefit

Based on our clients’ success with its two production projects, ExpoCredit was able
to approve its factoring line requests.  This funding will enable the
company to invest in future TV projects and continue to grow and thrive.

 

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