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Sterling-Bond Escrow Services Against Fraud in the Film, Television and
Other Media Industries
A specialised part of Sterling-Bond is dedicated to the Media Industry. Through all parties in a production finance deal protect themselves against fraud.
The international Film and TV industries are particularly at risk from frauds as they deal with the large transfers of money needed to produce today's multi-million pound feature films and major TV series.
When a production is operating away from its studio base, especially in another county, the dangers of mismanagement of funds and subsequent frauds are that much greater.
Sterling-Bond Film Industry Escrow aims to help protect everyone involved in any form of media industry production, thus:-
For Film and Television Financiers
When financiers risk millions on a major film production they want to be sure it is spent well. Equally a producer wants the reassurance that the whole budget is guaranteed before making a commitment. Sterling-Bond Escrow for Film Production can assist in managing the budget on behalf of both parties.
The service works alongside the financiers' representatives to ensure the money is paid out to the producer on the success of each stage of the production. At the same time neutral care of the budget by Sterling-Bond ensures that the producer remains confident at all times there is money to meet production plan.
For Production Cast & Crew
For the stars, director and other principle crew members of a production there is the additional fear of fraud from unscrupulous producers and financiers. By working directly on their behalf Sterling-Bond ensures all cast and crew, plus all outside contractors, will receive their pay direct from the master escrow accounts rather than the producer's accounts.
This service allows the cast and crew to work, confident in the knowledge that their money is safe and they will receive their due income.
Media Industry Royalty Payment Service
Another aspect of the media industry where Sterling-Bond can offer security of payment is on behalf of all artists seeking reassurance of royalty and other percentage participation payments.
In acting as a neutral safe harbour for sales receipts Sterling-Bond can process all incomes on behalf of all parties, guaranteeing royalties to artists directly from receipts.
This overcomes one of the greatest problems in the media industry - the lack of accountability and income many artists suffer at the hands of unscrupulous producers, publishers, etc.
International Payments
The media industry is an international one, requiring payments in different currencies according to the needs of a crew and their location. The escrow facilities can be managed to provide payment for a production anywhere in the world by direct bank-to-bank transfer.
This ensures producers, cast and crew can be paid into their home accounts, or local ones if they are on location for any length of time.
Management Service
The Sterling-Bond Film & TV Service is distinct from the main EscrowSecure accounts in needing more detailed day-to-day management.
Sterling-Bond works alongside producers and financiers and on behalf of all parties in the complex transactions required to protect and pay where appropriate.
Investors' Principal Protection (100%)
Another specialist aspect of major project finance is the need to provide the most secure protection for the investors' principal risk.
Through an extensive range of associations in the London banking industry Sterling-Bond can offer a practical means of principal protection to some productions, reducing capital risk to nil.
Managed over a period of 3-10 years, such principal protection will guarantee a full refund of investor's risk irrespective of any income from the production.
This also means that all the producer's income from the general release of the production can be classed as profit for investors, producers, cast and crew in any profit-sharing arrangement.
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