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Monday, July 21, 2008

Cinetic adds Film Film Finishing Fund

Cinetic founder John Sloss said that the company has closed on financing from Aver Media to establish a fund for features in varying states of completion. It marks Cinetic's first fund of any kind.

"This is set up as a tool for us to assist filmmakers and financiers," Sloss said. "We've seen countless films that could benefit from funds such as these, and we are now in a position to help."

The new service comes on the heels of the 2007 launch of Cinetic's digital-rights management company, CRM, a platform for the sale of digital rights, and Cinetic Management, created upon the arrival of new partner Bart Walker. Partner Robert Nathan will take on a more active role with the company's new venture and CRM, which recently hired former South by Southwest Film Festival producer Matt Dentler as head of marketing and programming operations.
Read Full Piece at Hollywood Reporter

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