Magazine article Variety

Forest Road Collects $70 Million for War Chest

Magazine article Variety

Forest Road Collects $70 Million for War Chest

Article excerpt

specialty film financier Forest Road Co. has secured an additional $70 million in committed capital, on top of to the previously announced $50 million.

The outfit, which is based in Los Angeles and New York, offers production companies the ability to capitalize their films by borrowing from Forest Road against their film tax credits and rebates at below market rates. Forest Road can lend against credits tied to movie budgets as small as $100,000.

Forest Road has provided funding for more than a dozen films including Jamie Bell's "Skin," acquired by A24 and DirecTV; Maggie Gyllenhaal's "The Kindergarten Teacher," acquired by Netflix; "Driveways," directed by Andrew Ahn; and Molly Ringwald's "All These Small Moments," acquired by Orion.

"We strive to offer the most costeffective and seamless financing solutions for filmmakers, and we are thrilled to continue to raise capital to help responsible creators across the industry," said Zachary Tarica, founder and chief executive officer. …

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