All of a sudden, financing documentaries is a thing.
This is due to the fact that the costs of production have come way down – you can shoot a doc on your iPhone, famous people like making films about themselves (e.g., Beyonce) and streaming services have made documentaries available to the masses when they used to be condemned to art house theaters.
So, of course, financiers are finding that you can make a buck producing them.
Enter “XTR LLC, a documentary-production company that says it has backing from the likes of former AOL Chief Executive Tim Armstrong and Josh Kushner, brother of President Trump’s senior adviser and son-in-law, Jared Kushner,” according to the Wall Street Journal. Investors have capitalized the company to the tune of seven figures (ten(s) of millions of dollars) and it claims to have more than 35 projects in development.
More to come?