Fort Lauderdale, FL (PRWEB) October 26, 2004
Never in the history of the film industry has a company offered to warrant financial investors against the loss of their investments in films before the films are even completed. Don Nichols, President of Fort Lauderdale-based Cinema Gold Inc., announced recently that Cinema Gold is doing just that. Nichols announced today that Cinema Gold created the innovative financial instrument known as the ÂCinema Gold Investor WarrantyÂ to allow producers to provide protection for their investors.
Nichols said that Cinema GoldÂs Investor Warranty was created to respond to the ongoing needs of independent motion picture producers, investors and distributors throughout the world. During 2004 Cinema Gold will issue up to $100 million of Âinvestor warrantiesÂ to specific producers, distributors and investors. This warranty is offered to all Independent film, television, and entertainment projects that qualify, in accordance with criteria established by Cinema GoldÂs Board of Directors and its Advisory Board of industry professionals.
ÂWhatÂs the worst that can happen? The film flops. So we buy it and give the investors back 110% of their investment," says Nichols. "Then we sell it through cable or go the video distribution route, producing it on cassette or DVD. ItÂs win-win for everyone.Â Nichols noted that Cinema Gold is currently engaged in establishing ongoing working relationships with certain producer and investor groups whose projects meet the criteria established by Cinema GoldÂs management. For 2005 Cinema GoldÂs projected warranty budget is $200 to $300 million.
For an application or more information about Cinema Gold, Inc., its Investor Warranty, or the qualifications and criteria for selection, please visit http://www.CinemaGold.Com . For more details about Cinema Gold's Investor Warranty, contact Don Nichols, President, Cinema Gold, Inc., Tel. 866-568-5050.
Don Nichols, President
Cinema Gold, Inc
Ft Lauderdale, FL
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