By Julie Earle-Levine | New York Post
Hedge-fund and financial industry execs are investing in independent films to snag producer credits and to go on set and meet the stars.
Media Society, an LA-based company launched in 2012, gives wealthy individuals the chance to be part of something glamorous, and make up to a 20 percent annualized return on their investment.
It just finished producing with Donna Gigliotti (Oscar-winning producer for “Shakespeare in Love”) “Big Stone Gap” with Ashley Judd, Whoopi Goldberg, Jenna Elfman and Patrick Wilson.
The company focuses mostly on feature films. It has a romantic comedy and a horror movie about to go in to production, and will cast big names.
The company’s CEO, Wade Bradley, is a former commodities trader/venture capitalist and his No. 2, CFO Helen Rosenberg, worked for Barry Diller at Universal Studios and Nielsen. Bradley says Media Society mitigates production costs and works only with A-level producers.
Media Society “members” are individuals with a $2.5 million net worth or higher and include financial industry execs, real estate developers and medical professionals.
The minimum investment is $150,000, targeting a 30 to 60 percent yield over a 36-month period.
Members get to attend major swank events with the stars and other VIPs, and be in the “inner circle” of the entertainment industry, says Bradley.