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Film financier BondIt Media Capital has closed a new co-financing partnership with Cineverse for North American production, acquisition and distribution of film projects.
First up under the deal is distribution support for Cineverse (and its horror division Bloody Disgusting) for upcoming Terrifier 3, the third installment in the worldwide cult horror phenomenon featuring Art the Clown.
Micro-budget Terrifier 2 released in the fall of 2022 grossed more than $15 million in worldwide box office. The production companies behind the film, Dark Age Cinema and The Coven, re-teamed with filmmaker Damien Leone (and David Howard Thornton as Art the Clow) for Terrifier 3, which wrapped production in New York last month and is set for an October 11, 2024 theatrical release.
Cineverse (formerly Cinedigm) and led by former MGM chairman Chris McGurk has previously said the film will “unleash chaos on the unsuspecting residents of Miles County as they peacefully drift off to sleep on Christmas Eve.”
“Given Terrifier 2‘s success both at the box office, with passionate fans of slasher movies, and as a mainstream pop culture phenomenon, there has been a tremendous amount of excitement building for Terrifier 3 – named one of USA Today’s Top 10 most anticipated horror films of 2024,” McGurk said. “We are grateful for the support from partners like BondIt that have put us in the advantageous position to have strong return on our investment in this franchise, along with Damien’s unmatched creative genius.”
“We’re thrilled to be working with … the full Cineverse team,” said BondIt CEO Matthew Helderman. “The expansion of their business into larger tier projects like Terrifier 3 gave us the opportunity not only to partner on this genuinely exciting film that is the rare instance of an independent project breaking through … but also across a larger slate of opportunities we’re now gearing up for throughout the remainder of 2024.”
Bondit recently financed and exec produced with AGC Studios the Anna Kendrick directed and starring project Woman of the Hour, aquired by Netflix, and financed and produced Emmy-winning film Street Gang: How We Got to Sesame Street for HBO.