Cutting Edge Group, which has invested in projects including Best Picture Oscar winner The King’s Speech and the Ryan Gosling-starrer Drive among scores of movies and TV series, has just come aboard two upcoming films: the Gavin O’Connor-directed Jane’s Got A Gun from Relativity and FilmDistrict’s sci-fi pic The Signal starring Laurence Fishburne. The deal was done at the Baja Film Festival, a fledgling fest that has designs to build and become a market.
CEG has an interesting approach to its business: the music services provider invests directly in the music budgets of its productions, acquiring music rights and recouping its investment from performance royalties and secondary exploitation sources like soundtrack sales. Following an equity raise in partnership with Wood Creek Capital Management in January that brought CEG’s capital access to $100 million, the London and LA-based company teamed with Basil Iwanyk’s Thunder Road in May to advance slate financing funds upfront, to be secured against Thunder Road’s forthcoming film music slate. CEG has invested in more than 350 films to date. (more…)