Argentina Welcomes Structured Film Financing

Structured film financing looks set to become a reality later this year in Argentina, according to reports in the local media. The country’s vibrant domestic film industry is turning to the local capital markets for financing via securitization which offers investors the benefit of no capital gains tax. According to local daily Infobae, InvertFilm I will be the first securitization vehicle to be launched, in February, and will seek to raise $5 million to finance two films. The vehicle securitizes receivables from ticket sales and the sale of foreign rights and other commercialization of the films.