RECENT TRENDS IN INDIE FINANCING

Posted: September 14th, 2010 | Author: | Filed under: PGA | Tags: , | Comments Off on RECENT TRENDS IN INDIE FINANCING

The PGA East Seminars Committee invites you to…

RECENT TRENDS IN INDIE FINANCING

Tuesday, September 14

Join us for a discussion on the best practices as well as the pitfalls of utilizing various types of financing available in the indie space today.

HSBC Bank
452 5th Ave. at 40th St.
HSBC Tower, 11th Floor

6:00pm – Reception
6:30pm – Panel Begins
Panel followed by Networking Reception with Panelists

Getting a film off the ground can be a daunting task, but once you have that script you are in love with, what next? Join PGA East Chair John Hadity as he moderates a panel of experts in the field of film financing.

Discussion will include the relevance of all sources of funding available today:
– Equity
– Bank Debt
– Privately placed gap/mezzanine loans
– Presales
– Grants
– Soft Money
– Tax Incentives

Panelists
Veteran Film Financing Experts Include:

Michael Hansen (Three Point Capital) began his finance career with a small company that was subsequently acquired by Smith Barney in 2000. He later transferred to UBS and managed fixed income portfolios as a senior member of a private wealth management team with $1 billion under management. He specialized in credit underwriting, focusing primarily on state municipal bonds. With Bayberry Capital Group since its formation in 2007, he manages their asset backed lending business which focuses on the environmental, green tech, real estate and tax credit sectors. Recently, Bayberry began to finance state tax incentives associated with film and television production. Before arriving on Wall Street, Michael had a rewarding culinary career as a professional chef and ran his own catering company.

John Logigian (Entertainment Attorney) has more than twenty years of senior management and legal experience in the entertainment industry. Mr. Logigian has held positions with a wide variety of companies including movie studios (United Artists, Orion Pictures, and Miramax), a talent agency (International Creative Management), and two production companies (Walden Media and Sweetland Films). During his career, Mr. Logigian has been particularly effective in structuring complex agreements for the production, financing and distribution of motion pictures. He has worked on several hundred films, the aggregate production or acquisition cost of which exceeds $2.5 billion. Included in this group are fifteen films which received nominations for the Academy Award for Best Picture, including eight Best Picture winners: Lord of the Rings, Chicago, The English Patient, Shakespeare in Love, Silence of the Lambs, Dances with Wolves, Amadeus and Platoon. Mr. Logigian’s skills are particularly suited to start-up companies, backed by individual investors. Mr. Logigian was a principal in the formation of two production companies, each of which was funded by highly successful entrepreneurs with whom Mr. Logigian worked directly: Phil Anschutz (Quest, Regal Entertainment, the Staples Center) and Jacqui Safra (of the Safra private banking family).

James Clayton (Ingenious Media) is Chief Executive of Ingenious Investments, with overall responsibility for all aspects of the business, including developing new investment offerings, raising and deploying capital, fund management and business development. Prior to joining Ingenious in 2003, James was a commercial lawyer at leading media and entertainment law firm Olswang, where he specialised in media project finance.

Victoria Cook (Frankfurt Garbus) joined Cinetic Media’s sales and film financing division in May 2009. Prior to joining Cinetic, she was a partner at law firm Frankfurt Kurnit Klein & Selz and before that a litigation associate at Paul, Weiss, Rifkind, Wharton & Garrison. While at Frankfurt Kurnit, Victoria shared many clients with Cinetic’s management and financing groups and she worked together with Cinetic in structuring the financing for many films, including The Namesake, The Savages, and Broken Flowers. Victoria is co-founder of the New York Underground Film Festival. Previously, she worked at CourtTV and also co-produced the feature-length documentary, Screwed, about New York personality and pornographer, Al Goldstein.

Joseph Chianese (Entertainment Partners) is the Vice President of Business Development and Production Planning at Entertainment Partners, the largest provider of production management services in the entertainment industry. Mr. Chianese provides consulting, financial and administrative services for domestic and international production and tax incentives for film, television, and commercial production. His 25 years of accounting, tax and production experience include positions at Sony Pictures Entertainment, The Walt Disney Company, The American Broadcasting Company, Paramount Pictures and Ernst & Young, servicing such clients as Marvel, Miramax Films, New Line Cinema, Paramount Pictures, Savoy Pictures and Warner Bros., as well as ABC Network, the A&E Network, ESPN, Hallmark Entertainment, the History Channel and Lifetime Television.

John Hadity (Hadity and Associates) is an independent producer and financier, who also serves as the President and CEO of Hadity & Associates, Inc., a consultancy firm that specializes in risk management and production finance for film and television. With over 20 years of studio experience, Hadity most recently served as the Executive Vice President of Motion Picture & Television Production Finance for Miramax Films. During his 12 year tenure with the company he was responsible for a portfolio of production budgets valued in excess of $4 Billion. Hadity oversaw the strategic planning, risk management, labor relations, business affairs, tax, government relations and financial reporting for over 250 production entities, as well as managed all of the parent company’s structured finance and off balance sheet transactions. He has worked closely with government policymakers on the regional, state, provincial, and national levels, all over the world, to incentivize the movement of production to these areas, resulting in over $250 Million being brought back into the studio while supporting inward investment in those territories. In addition to his corporate responsibilities at the company, Hadity also served as production rep on several Miramax releases including Academy Award winners Shakespeare In Love, The English Patient, Emma and Restoration.

RSVP & Tickets

To RSVP or purchase a ticket visit: www.brownpapertickets.com/event/124689
– PGA Members: Free (non-transferable)
– Guest of PGA Member: $20
– All Other Non-PGA Members: $25

All tickets and RSVPs must be made by 9:00am on Tuesday, September 14.

Absolutely no payment will be accepted at the door.


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