For Cash Flow Lenders
Protecting entertainment lending with completion bonds and media obligation insurance.
You lend against contractual receivables: distribution agreements and government incentive commitments. You get your money back twelve to twenty-four months later, if the production is delivered and if the obligors pay. That is two significant risks.
Risk Landscape
The Two Risks You Face
Risk 1
The Production Is Not Delivered
You have lent against a distribution agreement that pays on delivery. If the production is never completed, the distributor's payment obligation is never triggered. Your collateral is worthless.
Standard production insurance does not cover this. The only product that guarantees delivery, or repays your capital, is a completion bond.
Risk 2
Delivered But Not Paid
The production is completed and delivered. The payment date arrives. The payment does not come. The distributor may be insolvent, illiquid, or simply defaulting. A government incentive body may face budget cuts, administrative delays, or political changes.
Standard trade credit insurance does not cover entertainment receivables. The only product for this risk is media obligation insurance.
Solutions
How We Protect Your Lending
Completion Bond
Guarantees delivery or repays your capital. Backed by Munich RE (AA rated).
Guaranteed delivery
Excess cost financing
Active monitoring throughout
Production takeover rights
Financial repayment if not completed
Media Obligation Insurance
Covers non-payment from distributors and government incentive bodies after delivery. This is the only dedicated media obligation insurance product available in the entertainment market.
Distributor Risks
Insolvency, illiquidity, and outright default.
Government Incentive Risks
Programme budget cuts, administrative delays, political changes.
Coverage: up to €5M per distributor, up to €10M per incentive.
Learn more →Full Chain
The Full Lending Protection Chain
| Phase | Your Risk | Protection |
|---|---|---|
| Capital deployed | Production fails | Completion Bond: capital repayment |
| Production underway | Budget overrun or collapse | Completion Bond: excess cost financing |
| Production delivered | Distributor does not pay | MOI: non-payment coverage |
| Production delivered | Incentive not paid | MOI: non-payment coverage |
Together, the two products cover the full risk chain from the moment you disburse funds to the moment you are repaid.
Assessment
Due Diligence You Can Rely On
Every production Intectus assesses undergoes detailed risk review:
Production
Script, team, schedule, and logistics assessed by professionals with 35+ years of production experience.
Technology
Digital workflows, VFX pipelines, and post-production plans reviewed by specialists.
Legal
Distribution agreements, incentive documentation, and financing structures reviewed by entertainment law specialists.
Financial
Budgets validated line by line, cashflow modelled against the production timeline.
Obligor Assessment
Financial standing, track record, and creditworthiness of each party that owes you money.
Commercial Assessment
Revenue projections evaluated against market conditions and distribution plan viability.
The results of our assessments are reflected in our underwriting decisions, giving lenders confidence that every risk has been independently evaluated.
Benefits
What This Means for Your Portfolio
Risk transfer
Move non-delivery and non-payment risk off your balance sheet and onto products backed by institutional underwriters.
Portfolio expansion
With both risks mitigated, lend to a wider range of productions and diversify your entertainment portfolio.
Independent assessment
Every production independently vetted by specialists who understand the industry.
Active monitoring
Not relying on producer self-reporting alone. Intectus monitors directly and flags issues early.
Recovery rights
If a claim is paid, the insurer pursues recovery. You are not left managing collection.
Getting Started
If you are considering lending to an entertainment production and want to understand the risk, or if you want to discuss completion bonding or media obligation insurance for an existing commitment, contact us. We can provide an initial feasibility assessment within 48 to 72 hours.
Contact Us