EXCLUSIVE: Concourse Media, which acquired international rights during Cannes to Jeff Baena’s The Little Hours, has just sealed a deal with Productivity Media to finance eight to 12 features with budgets between $2.5M-$20M each. Productivity, managed by William Santor, John Hills and Andrew Chang-Sang, financed and exec produced The Little Hours (which stars Alison Brie, Aubrey Plaza, Dave Franco, John C. Reilly and Molly Shannon), so the deal sprang from that existing relationship.
Productivity is a senior lender to film and television productions and provides senior secured debt. As such, they don’t utilize a credit facility. Instead, they raise cash investments via investment firms and then advances those monies into production loans.
Concourse serves as executive producer in structuring debt-financing and brokering domestic and international distribution rights. The Little Hours, which is in postproduction, was the first film financed and sold under the arrangement between the two companies.
For Concourse, the Productivity deal gives them the opportunity to put a slate of films together. For Productivity, it continues their business growth strategy with a company that can identify and manage production teams for projects that have global appeal.
Concourse, run by Matthew Shreder and James Andrew Felts, is in development on other titles for the deal now.