Film financiers form Metropolis Partners
Group plans to fill production lending gapBERLIN -- German film finance vet David Groenwold is teaming up with Geza Toth-Feher and Michael Klemund of investment advisory group CB Equity Partners to set up Metropolis Partners, a new venture specializing in production loans to filmmakers.
The trio's plan, unveiled at a dinner for select media journalists Friday night in Berlin, is to set up a media bank which will provide final-dollar financing for feature film productions.
Toth-Feher said the concept will be to provide equity for producers that would need to put up the collateral in the form of a state-backed subsidy guarantee, such as the ones provided by Germany's regional film funds.
"The capital markets have pulled out of media, there is definitely a demand in the market, a need for an institution to fill this lending gap," Toth-Feher said.
Metropolis Partners hopes to apply for a bank license, likely in Berlin, later this year.