Investors Create Holding Company for Movie, TV Ventures
Neil Grossman and Howard Silverman’s Toast & Jam Holdings will control three existing companies providing financing, production, and distribution for projects.
Financiers Neil Grossman and Howard Silverman announced Wednesday they have created Toast & Jam Holdings, LLC to control three existing companies that plan to provide financing, production, distribution and other services for feature films and TV shows, both live action and animated.
They said they are making an undisclosed but “significant financial investment” in the entity, which will control Cosmic Toast Studios, a five-year-old Burbank production and animation studio. It merged in mid-2012 with Cinipix, which according to the announcement is involved in film finance, acquisitions, production and distribution. Cinipix also has an equipment rental arm called Cinirents.
They have appointed to head the movie and TV operations Todd Slater, formerly executive vp of the Anschutz Film Group, and Deb Pierson, former vp of sales and marketing at Kabillion, which distributes children’s product, mostly through video on demand. Pierson most recently has been running Cosmic Toast.
Cinipix, according to the announcement, will produce and fund “multiple films” each year, as well as acquire movies and partner on other films offering post-production services, equity and sales partnerships. They plan to do global sales on their movies and acquired movies as well.
Cinipix list among its recently finished projects Raze, a TV movie that appeared on the Syfy Channel. Other projects in various stages are The Devil’s Ink, an action movie; McCanick, another action movie; Its Dark Here, described as a true-life story and listed on IMDB as a drama; and Gangbusters, a comedy.
Cosmic Toast also produced a children’s program Hey Wordy! It airs on a PBS outlet and has been sold overseas.
Grossman is the CEO of TKNG Capital, which runs hedge funds and is based in St. Petersburg, Florida, where his wife, Mindy Grossman, is CEO of the Home Shopping Network. His past positions include being chief investment officer for JP Morgan, and posts with the Central Bank of Norway and Deutsche Bank, among others. He began his career as an attorney.
Howard Silverman’s most prominent credit is having been CEO of the New York investment firm Gruntal & Company from 1974 until 1995, when he was forced out amid a corporate scandal.