CEG, Thunder Road sign financing deal
Philip Moross’ Cutting Edge Group (CEG) has signed a slate financing deal with Basil Iwanyk’s ambitious Thunder Road.
Under the terms of the agreement, CEG will advance funds to Thunder Road to develop its slate, secured against Thunder Road’s upcoming film music slate.
CEG is a music services specialist that offers financing and music supervision services and acquires music rights by investing directly in the music budget of a production.
First up in the deal is action-thriller John Wick, which is set for a September shoot. Lionsgate launched sales on the Croisette, as reported exclusively by Screendaily last week. The slate includes Gang Story starring Liam Neeson.
“We are quite happy to be in business with Basil, president of production Peter Lawson, and the team at Thunder Road,” said CEG CEO Moross. “Everything we do here at CEG is geared to working with the best filmmakers in the world, and that’s Thunder Road.”
Iwanyk added: “We were taken by Cutting Edge’s innovative way of looking at how movies are made. We couldn’t think of better partners in building Thunder Road than Phillip and Tara, both personally and professionally. We look forward to making a lot of movies, and a lot of music, with Cutting Edge.”
CEG has previously invested in The King’s Speech, Drive, Looper and End Of Watch.
At the start of the year, CEG launched a partnership with Wood Creek Capital Management to launch its second film music investment fund, Wood Creek.
The commitment raises CEG’s investible capital to $100m to finance high profile music media. The first deal in the new fund was the acquisition of film and TV soundtrack label Varese Sarabande Records.