Hastings Communications and Entertainment Law Journal


The authors describe the legal techniques that can be used by a secured lender's counsel to reduce the risks attendant upon the interim financing of feature films. The authors tell counsel how to accomplish the essential and inter-related tasks of (1) defining, perfecting and protecting a security interest in the feature film and related collateral; (2) assuring timely and on-budget delivery of the feature film; and (3) assuring receipt of promised presale advances used to "take out" the interim lender.