BondIt Media Capital and Cineverse form Unique and Innovative Partnership to Finance Film Distribution [Yahoo! Finance]
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Source: Yahoo! Finance
May 7, 2024 PRNewswire BondIt Media Capital has closed a new co-financing partnership with Cineverse (NASDAQ: CNVS), an innovative streaming technology and entertainment company. Through this deal, BondIt will provide financing to be used for North American production, acquisition, and/or distribution of film projects. The first example of this financing is in support of the distribution for Cineverse and Bloody Disgusting's upcoming Terrifier 3, the third installment in the worldwide cult horror phenomenon featuring Art the Clown. Terrifier 2, produced on a micro-budget, went on to generate over $15 million at the worldwide box office as a breakout hit in 2022. Following that success, Dark Age Cinema, along with The Coven, raised the production budget for Terrifier 3 , set to come to theatres on October 11, 2024 BondIt and Cineverse engaged in partnership discussions ahead of the newest installment of the horror franchise and have now closed financing that support Cineverse's d
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