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There’s more for you to learn on finance
Get started with investing in movies
Production houses need funds to release movies. Invoice discounting lets them sell upcoming receivables from streaming services (OTT platforms) for upfront funds. It's like getting an advance on your paycheck!
Why is investing in alternate market is important?
Production houses need funds to release movies. Invoice discounting lets them sell upcoming receivables from streaming services (OTT platforms) for upfront funds. It's like getting an advance on your paycheck!
Frequently Asked Questions
We mitigate the risk of default through a ‘lien on future cash flow’ from the production houses. In case of a default by an OTT platform, BetterInvest will take appropriate measures to recover the outstanding amount from the production house, as outlined in the Bill Discounting Agreement. Investors will receive accrued interest for any delays during the recovery process.
BetterInvest collects the following security documents from production houses:
- Post-Dated Cheques (PDCs)
- Indemnity Bonds
- Direct Collection Letters
- Personal guarantee
BetterInvest uses an escrow account to transfer funds. Cashfree facilitates these transfers from investors, and the funds are then transferred to the production house through the escrow account. The same escrow account receives payments from OTT platforms or other rights buyers, ensuring a secure flow of funds.
Yes, BetterInvest has an escrow account trustee who acts as an intermediary between BetterInvest, the production house, and the OTT platform. This trustee ensures a smooth and secure flow of funds, reducing the risk of default.
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