It marks a major shift in a space with only a few key players.
Media Guarantors just delivered Ron Howard survival dramaEdenand bonded Mel GibsonsFlight Risk.
It bondedThe Surferstarring Nicolas Cage, which premiered at Cannes.
Fred Milstein and Janet ComenosGetty Images; Media Guarantors
Five of its bonded films just screened at the Toronto Film Festival.
Watch on Deadline
SpottedRisk was founded in 2016, specializing in niche entertainment products like Disgrace Insurance.
Financial details of the transaction were not disclosed.
If there are problems, the firm is on the hook for overages or other costs.
Bonds mitigate risk, and without one it can be hard to get financing.
Its CACs first acquisition in the entertainment space with more likely to come.
We are well-positioned to make a substantial impact.
