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The Producer's Business Handbook, 3rd Edition by Anne Marie Gillen, John J. Lee Jr.

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This chapter presents the comprehensively beneficial association producers can and should have with completion guarantors, beginning with the initial planning and application process. A completion guarantee sometimes is referred to as a completion bond and is a requirement for bank and other common forms of independent and studio-related production financing. As is reviewed in Chapter 14, producers should engage their completion guarantor relationship during the early development of each of their pictures.

WHAT COMPLETION GUARANTEES DO

A picture’s completion guarantee ensures its financier(s)/lender—most often a bank—that the bonded picture will ...

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