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Peer2Peer Finance News | September 20, 2018

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Fyzz launches IFISA backing independent films

Fyzz launches IFISA backing independent films
Suzie Neuwirth

AN INNOVATIVE Finance ISA (IFISA) that specialises in funding film and entertainment projects has launched.

The Fyzz ISA is offered through The Fyzz Facility, an asset-backed lender with a seven-year history of making loan-based investments into feature film and TV projects.

It offers returns of up to five per cent a year (before fees) over a 60-month term.

Investors will be able to follow projects from pre-production through to the big screen.

All loans are secured, asset-backed and linked to contracted revenue streams and distribution agreements, meaning returns are not dependent on the ultimate execution or box office performance.

Read more: Bonds grow in popularity due to IFISA wrapper

Robert Jones, joint chief executive of The Fyzz Facility, said the IFISA offers people the opportunity to participate in an exciting investment arena at a much lower entry point than has previously been possible.

The minimum investment is £2,000 before fees, capped at £20,000 per annum.

There is an account opening fee of £50; an annual administration fee of £50 plus 0.75 per cent of the total funds held; and a subscription fee of 0.75 per cent of each subscription.

Read more: RateSetter earmarks February 2018 for IFISA launch

The Fyzz Facility has invested more than US$280m (£210m) into over 200 feature film loans since 2010.

Recent in-house productions include US box office success 47 Meters Down and Jackie Chan’s The Foreigner, which has notched up over US$135m worldwide and is shortly to be released through Netflix in the UK.

Upcoming projects financed and produced by The Fyzz Facility include the thriller Three Seconds starring Rosamund Pike and Clive Owen; The Strangers: Prey at Night starring Christina Hendricks; Destination Wedding starring Keanu Reeves and Winona Ryder; and Final Score starring Dave Bautista and Pierce Brosnan.

The IFISA has been created in partnership with Northern Provident Investments, which is authorised and regulated by the Financial Conduct Authority.

Investments through The Fyzz ISA will be acquiring bonds issued by TFF Capital. The funds acquired in exchange for these bonds will then be lent to The Fyzz Facility Limited (TFF) on a project-by-project basis.

Read more: Assetz Capital plans pre-Christmas IFISA launch