Film Bonds & Insurance Solutions
ICRA®, through our industry partner MEDIABOUND (an international Risk Management Service Provider for Completion Bonds and other Insurance Products in the Entertainment Industry) provides completion bonds (also known as completion guarantees) solutions that guaranty films, television series, and new media productions will be completed on schedule and budget, and delivered to distributors throughout the world. If your film or television series is not completed and delivered as promised, all the production costs advanced by your financiers and investors will be repaid.
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MEDIABOUND operates and issues Completion Bonds through different certified insurance companies worldwide:
Get more investors with confidence
In general, a completion bond body assures banks, producers and financiers that:
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The producers will complete and deliver the film in keeping with the screenplay, budget and production schedule that the bank or financiers approved; or
The completion guarantor will complete and deliver the film in keeping with such pre-approved screenplay and production schedule, and advance such sums in excess of the pre-approved budget necessary to do so; or
In the event production of the film is abandoned, the completion guarantor will fully repay all sums invested in the film by the bank or financiers.
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Our experience have shown that ICRA® Certification methodologies and Certifications for Companies improve operational efficiency, reduce operational costs, enhance their brand, attract customers and drive sales and investments.
Revaluation
Increase in the value of the company after the certification of its portfolio assets by ICRA® certification.
Cost Reduction
Reduction of internal costs due to the standardization of criteria for packaging financial and business models of IPs.
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Adds value to the sale prices of projects in the IP trading market.