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BondIt Media Capital Announces Strategic Investment Deal with Accord Financial Inc.

by ScreenCraft on July 18, 2017

In order to guarantee the continued growth of their future development sleight, ScreenCraft partner BondIt Media Capital has announced a strategic investment deal with Accord Financial Inc. for an undisclosed amount.

In the statement provided to Variety, BondIt co-founder Matthew Helderman expressed his excitement, “We are thrilled to partner with the team at Accord given their international reputation, expertise and 40-year track record of delivering much-needed capital to entrepreneurs. Accord’s appreciation of the intricacies and needs of media finance will allow BondIt management to significantly increase both funding flexibility and efficiency, enhancing our competitiveness at the highest level of the marketplace.

Since BondIt Media Capital’s inception in 2014, Helderman and co-founder Luke Taylor have worked closely with filmmakers on hundreds of different film and television projects, including All The Devil’s Men, Finding Steve McQueen, and Rob Reiner’s Shock and Awe.

Under the new deal, the current team will be responsible for day-to-day operations with Accord providing support capital that will enable BondIt to expand its operations and broaden its scope as a media financier.

In a statement, Accord Executive Tom Henderson praised BondIt’s deep ties in the media sector, “This investment strengthens Accord’s presence on the west coast, and is an ideal entry to the film and media sector, one of the country’s most dynamic and entrepreneurial industries. The BondIt team is deeply embedded in the media community and brings hands-on production experience to the challenge of financing in this fast-paced environment.

Earlier this year, BondIt launched a strategic investment into ABS Entertainment Payroll & Production Services as part of its broader growth initiatives.

Speaking with Variety about the acquiesition, Helderman said “BondIt’s strategic alliance with our sister company Buffalo 8 (a production, post-production and management firm) will enable further visibility and project packaging in addition to our recent acquisition of ABS Entertainment Payroll and Accounting rounding out the one stop solution we have envisioned creating for producers and creatives across all media.”

BondIt Media Capital is also a partner of the ScreenCraft Film Fund, which recently announced that it will now be accepting applications for Features, Pilots, Documentaries and Short Film. Under the program, 4 projects are selected per year for grants up to $30,000 each, depending on the scope and needs of each project awarded.

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