Cutting Edge Group (CEG) has signed new investment deals for the upcoming Parker and Looper and will provide investment in music budgets and music supervision.
The London-based company advances funding for a film’s music budget, including scoring, clearances and music supervision, as well as in-kind services. CEG then recoups its investment via soundtrack and sheet music sales, plus licensing and royalties from international ticket sales and television deals.
In the past 12 months, CEG has invested in this way in The King’s Speech and Drive.
Taylor Hackford recently wrapped production on Parker, which was funded by the Incentive Filmed Fund, Current Entertainment and Sidney Kimmel Entertainment and stars Jason Statham and Jennifer Lopez. Sierra / Affinity handles international sales.
Looper from director Rian Johnson is funded by Endgame Entertainment and stars Joseph Gordon Levitt and Bruce Willis. FilmNation is selling international rights.
“These deals all involve films with big casts and noted filmmakers that play on the international level, which is our sweet spot,” CEG chief executive Philip Moross said.