Budnick made a name for himself as the producer of hit comedies, but he switched gears in 2013, and moved away from moviemaking to get involved in prison reform. He formed the Anti-Recidivism Coalition, which provides a support network for formerly incarcerated men and women.
Budnick will serve as president and CEO of Good Films, while entertainment and media finance expert Roy Salter will serve as non-executive chairman of the board and investment committee. A significant amount of the $150 million has been committed.
In an interview with Variety, Budnick said he and Salter believe that entertainment properties are uniquely capable of “changing hearts