Completion Guarantor
From ForcaWiki, the simple encyclopedia
| In one sentence | The specialized company that actually issues a completion bond, promising a movie will get finished no matter what goes wrong. |
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| Category | Film and Television |
| Related | Completion Bond, Financier |
A Completion Bond is the promise itself, that a movie will get finished and delivered on time. A completion guarantor is the company that actually makes and stands behind that promise, agreeing to step in, finish the film, or repay the money if the production cannot complete it on its own.
Fun facts
- A completion guarantor studies a movie's script, budget, and schedule extremely closely before agreeing to back it, since they are the ones who would have to clean up any mess.
- Because a completion guarantor can take over a struggling production, their approval carries real weight with financiers deciding whether to fund a movie.
- Completion guarantors specialize in exactly this one risky, high stakes job, and only a small number of companies do it.