Canadian Entertainment Industry Veterans Launch Entertainment Finance Company TEAM A Financing Alternative For Producers
Canada has seen its influence on the international stage consistently grow, not only with the advantage of its highly skilled crews and varied locations, but the quality of its animation fostered by Telefilm Canada. In a much needed expansion of financing opportunities, three talented individuals in both production and distribution have formed an alternative to what is currently available in the Canadian marketplace.
Jacqueline Kelly, John Vandervelde and Michael Hirsh have launched The Entertainment and Media Finance Group Inc. (TEAM). TEAM will combine professional financial advisory services with interim/specialized lending for small and mid-sized producers in the $3 billion Canadian film and television business.
“The Canadian film and television production business was $3 billion in 2012,” said Jacqueline Kelly. “This represented 17% growth over 2011 and all indications are that production volume will increase through 2015.”
“I look forward to growing and building this TEAM. John and I have worked together for a very long time and Jacqueline brings many strong attributes for our clients. We are excited to offer the Canadian production community a new production financing alternative,” said Michael Hirsh.
John Vandervelde says: “TEAM holds a unique position in the entertainment industry as there are a limited number of service providers who offer the ability to combine interim financing with solid advice in international production structuring, production management and distribution. TEAM’s depth of hands-on experience adds value for clients and minimizes lending risks.”
Mr. Hirsh, Mr. Vandervelde and Ms. Kelly will serve as principals at TEAM and have been associated with over $1B of production and are pleased to offer an extensive slate of services including interim and government incentive financing, tax credit optimization, coproduction structuring, 3rd party lender support and loan monitoring.
The Entertainment and Media Finance Group Inc.: Forged from comprehensive experience in corporate finance, production management and accounting, TEAM’s principals have produced over 4,000 television episodes and 20 feature films spanning three decades in the Canadian production industry. TEAM is headquartered in Toronto, Ontario, Canada.