Wednesday, November 2, 2011
W2 Entertainment Finance taps Wong
W2 Entertainment Finance, a joint venture partner of W2 Media, has hired veteran professional Savine Wong to supervise daily procedures from the company's entertainment lending division. W2 made the announcement Wednesday, the outlet day's the American Film Market. Wong depends within the company's Toronto office and are accountable to W2 principals Warren Nimchuk and Warren Fergus. W2 noted it finances tax credits along with other production incentives, provides income against domestic and worldwide pre-purchase contracts, funds print and advertising expenses for studio and independent releases, and arranges gap financing on projects within the $5 million to $25 million cost range. W2 stated Wong will oversee client associations, the administration of financial loans, financial and profitability/sales analysis, and legal documentation settlement. Wong spent the final 4 years in Hong Kong with Standard Chartered Bank (HK) Ltd., where she oversaw the bank's entertainment lending division, dealing with media and entertainment clients throughout Asia and Australia. She's done co-production film financing projects in Canada, Australia and China within the $ten million to $80 million cost range. Throughout her tenure at Standard Chartered Bank, she was associated with the financing for ''Red High cliff,'' ''Killer Elite,'' ''Tomorrow Once The War Started,'' ''Bait,'' ''Burning Guy,'' ''Casino Jack'' and ''The Double.'' Contact Dork McNary at dork.mcnary@variety.com
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