Nick Corso
Los Angeles, CA (USA)
Role(s):
Founder/Owner/Principal
Cibola Entertainment
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Startup
Location:
Los Angeles
Industry:
Media
Year Founded:
2009
Number Employees:
1-10 people
Description:
Cibola Entertainment, LLC is a newly formed motion picture finance company headquartered in Los Angeles with satellite offices in New York and London. Cibola maintains a staff of professionals combining the disciplines of finance, law, sales/distribution, branding, and production services with the objective of providing producers ‘value added’ solutions to their project financing needs. Cibola’s management has 60+ combined years of expertise in risk management and production financing. Management has assisted in placing over US$500 million of production financing into 22 feature films.
Cibola is in the business of making production loans to independent producers to fund a portion of the production costs to complete a motion picture. Loans will have maturities ranging from 12 to 18 months. Production loans will be made by Cibola on an individual film basis, subject to certain pre-established investment criteria and policies of the Company, designed to ensure safety, diversity, and performance of the Company’s investments
Cibola Entertainment LLC (“Cibola” or “the Company”) is offering select investors (“CF Investors”) the opportunity to participate in the Cibola Film Fund.
The Fund
The Cibola Film Fund (“CF” or “the Fund”) is a $30 million revolving film fund managed by Cibola that will be used to co-finance and produce a production slate of at least 10 films (“Fund Films” or “Slate”)over a three year period. At the end of the term, the Investors will have the option of re-investing in the
fund under similar terms. The Slate will be distributed worldwide across all media.
Investor Terms:
In addition to the return of the investor’s initial investment, the Company expects to pay an interest rate of 10% per annum, to be paid, in arrears, on a monthly basis. Unallocated funds will be invested in an institutional money market account with a projected interest rate of 1%.
Cibola Entertainment would prefer to receive funding from these types of sources:
-Equity Funding (Venture Capital, Angel, Private Equity, etc.)
At this point in time, we fully intend to use the funds that we raise for the following purposes:
- provide highly collateralized debt financing loans to independent motion picture producers to fund a portion of the production costs to complete a picture. Loans will have maturities ranging from 12 to 18 months. Please see our website (URL removed) for additional information.