IFR FILM DEVELOPMENT FUND
An investment made directly with IFR, LLC.
Payout made by IFR, LLC as Film Producer
IFR has a slate of films which it currently seeks to produce. The IFR Film Development Fund is a unique investment opportunity to fund the development of future movies. Before a film is made, actors and directors are normally "attached" to the film... a process which facilitates film funding plus prints and ads. Heres how it works:
An investor invests a given amount which IFR determines will be required to develop its next feature film. For this example, lets use $100,000. In return for the use of this money, IFR will return and amount equal to the entire sum used, plus 15% AT THE TIME THE FIRST FILM IS FULLY FUNDED, not after it is completed, or even if it is successful. This can be promised because the development fund is a line item in the pictures production budget which comes into being upon full film funding. Additionally, the investor will garner a small percentage in the film's profits.
Should it happen that IFR needs to increase the amount of development money to properly attach the initial film, IFR will first offer this investment opportunity under the same terms to the current underwriter of the development slate; or should the first party wish not to invest, to another party EITHER WAY, THE DEVELOPMENT INVESTMENT AS DEFINED ABOVE REMAINS UNDILUTED.
In an industry fraught with uncertainty, it is the purpose of IFR to minimize the risk to investor(s) in the IFR FILM DEVELOPMENT FUND. It is also the purpose to structure the fund so that individuals/parties that are first in, have an opportunity to remain in. In so doing, they can create for themselves to -- the extent that IFR requires development funds -- A REVOLVING DEVEOLPMENT FUND. However, IFR's need could end for many reasons such as a studio funding the entire development and production, etc. So, while IFR can guarantee first rights of refusal to the initial investor, it cannot guarantee the overall number of films available for development to that investor.