EXCLUSIVE: BlueFox Entertainment Group announced it has purchased partner Patrick Rizzotti’s majority stake in BlueFox Financing, bringing it into the company and closing the eight-figure fund.
BlueFox Financing, a leading North American market for debt and gap financing, is now wholly owned by BFEG, led by James Huntsman, a holding company recently created as the parent company of U.S. film distribution and international sales company BlueFox Entertainment. I entered. This combination will allow funding entities to leverage newly closed funds to directly benefit filmmakers and financiers who work with BlueFox Entertainment on distribution and sales.
The amount of the fund was not disclosed, but the company expects the fund to grow next year as additional investors join. We support a variety of financing opportunities, including tax credits, U.S. minimum guarantees, international presales (including from Blue Fox Entertainment), and gap financing. BlueFox primarily focuses on financing and acquiring movies, but it also has deals in the distribution space.
Rizzotti launched a marketplace in 2018 called Crossroads Lending that connects filmmakers with banks, private lenders and individual investors. Blue Fox Entertainment acquired minority shareholder status in 2022 and changed its name. BFEG has now acquired Rizzotti’s remaining interest. He remains the president of the financial company.
“We work with so many great producers and financiers and are excited to have raised significant capital to complement the financing offered through the marketplace. Through this new fund , we will be able to offer direct financing solutions that go beyond traditional debt and financing options typically available to large financial institutions,” he said.
Huntsman said the agreement is key to Blue Fox’s long-term growth strategy.
“With Blue Fox Financing now part of our company, BFEG will be able to offer filmmakers an unparalleled package of U.S. distribution, Canadian distribution, international sales and practical financing options. This creates a seamless pipeline from development to a global audience, giving independent filmmakers a one-stop solution to bring their projects to life.”
