Dated: 10 October 2003
Is there money to be made in the media industry? Where are the business and investment opportunities? What are the risks involved and potential returns?
These questions will be answered at the first ever Media Financing Conference organised by the Media Development Authority (MDA). To be held at the Raffles City Convention Centre on Monday, 3 November 2003, the conference is expected to draw more than 150 investors and professionals from the media industry and financial community.
The one-day conference provides an avenue for the financial and media industry to explore the vast business opportunities in Singapore's media industry. Content creators and financiers have the opportunity to meet and learn about the types, risks and returns of media financing. They will also be able to understand the value chain involved in financing media companies and projects.
Foreign and local experts in the field have been invited to the conference to speak on key topics like Debt and Equity Financing, Completion Bonds, Film Sales, Rights Protection and Securitisation. The speakers are:
Edward S Labowitz, Esq., Coudert Brothers, LLP (Los Angeles Office), Chair, Global Entertainment Practice;
Peter Anshin, President, Asia Entertainment Finance Associates;
Fred Milstein, President and CEO, cineFinance;
Wouter Barendrecht, Co-Chairman, Fortissimo Film Sales;
Richard Tan, Partner, Lee &Lee Advocates and Solicitors;and
Daniel Yun, Chief Executive Officer, Raintree Pictures.
Please refer to Annex A for the speakers' profile.
Explaining the objectives of the Conference, the MDA's chief executive officer, Mr Lim Hock Chuan said, " The media industry is a key driver of Singapore's future economic growth and we are well-positioned to be a media financing hub. These two factors present opportunities for industry players as well as investors. As we grow the industry through our Media 21 blueprint, the investment opportunities will multiply too. We are excited about this first ever media financing conference. Not many people may know that there are business and investment opportunities in the media industry. Through this conference, we hope to get more investors to be aware of these opportunities so that they too can participate in the growth of the industry and reap investment returns."
Registration for the conference opens today and closes on Wednesday 22 October 2003. To register, send us a fax at 6336 1170 or e-mail firstname.lastname@example.org detailing your Name, Designation, Company and Contact Number(s). The registration fee is $150.00 per participant. Early registration is encouraged, as seats are limited.
Please click here for details.
Profile of the Speakers
Edward S Labowitz , Esq.
Coudert Brothers, LLP (Los Angeles Office)
Chair, Global Entertainment Practice
Mr Edward S Labowitz is a partner in Coudert Brothers' Los Angeles office and Chair of the firm's Entertainment Practice Group. Mr Labowitz's clients include entertainment companies from the United States and over 25 other countries. He has represented domestic and international financiers, telecasters, film and television producers and distributors, writers, directors and actors. He also counsels clients with regards to licensing of intellectual property to book and software developers and publishers, and to toy manufacturers. Prior to serving as a partner in Coudert Brothers, Mr Labowitz has served as Vice President of Business Affairs for Filmways/Orion Television for five years, PolyGram Pictures for two years and later as Vice President of Business and Legal Affairs for ABC Motion Pictures for three years.
President, Asia Entertainment Finance Associates
Mr Peter Anshin is the President of Asian Entertainment Finance Associates (AEFA). AEFA works with Asian content producers and financiers in Asia to facilitate the international financing and sales of Asian content. Based in Asia, with strong ties to Asian and non-Asian entertainment industry participants around the globe, AEFA is the Asia representative for Comerica Entertainment Group (CEG), Comerica Bank (US), Freeway Entertainment (Hungary, Netherlands) and Arclight Films (Australia, US, UK). CEG is the world's most prolific entertainment financier with a global network of affiliates providing access to regional entertainment financing resources. CEG has financed nearly 1000 films and has an estimated loan portfolio of US$1 billion of motion picture production loans.
President &CEO, cineFinance
Mr Fred Milstein comes to his cineFinance activities with a wide breadth of experience in all aspects of the motion picture packaging, financing and production arena. Since 1999 he has served as President and CEO of cineFinance, a specialised completion guarantee company servicing the international motion picture and television industry, with offices in Los Angeles, New York, Dublin, Paris and Hong Kong. Prior to cineFinance, he has held key management positions in The Completion Bond Company, Miramax Films and Cineplex Odeon Films. Mr Milstein has also lectured extensively at NYU, Columbia University and USC film schools and at the Sundance Institute Producers Conference.
Co-Chairman, Fortissimo Film Sales
Mr Wouter Barendrecht is one of the founders of Fortissimo Film Sales (formed in 1991), a sales company dedicated to the development, international sales and marketing of high quality award-winning arthouse films. He was the Director of the HK Asia Film Financing Forum HAF 2000 and has served on juries in film festivals in Jerusalem, Berlin, Pusan, Rio de Janeiro, Edinburgh, Turin and Sydney amongst others. He is also a member of the European Film Academy;a board member of the Cinemart of the International Film Festival Rotterdam;an advisory board member of the Thai Film Federation and a recipient of the MIFED European Exporter of the Year Award. Amongst the many films handled by Fortissimo are Chungking Express and In the Mood for Love by Wong Kar-wai;and Oscar-nominated Prisoner of the Mountains by Sergei Bodrov.
Partner, Lee &Lee Advocates and Solicitors
Mr Richard Tan heads the Intellectual Property and Information Technology Department of Lee &Lee and is one of the senior partners of the firm. He is also the honorary legal adviser to the Singapore Film Commission. He has wide experience in intellectual property law, including copyright, entertainment, media and film work, and has advised local and multi-national media companies on various aspects of entertainment, media and film law, including film investment, co-production agreements and distribution agreements. Mr Tan is the current President of the Singapore Institute of Arbitrators. He is a member of WIPO's Arbitration and Mediation Center's Panel of Arbitrators and the Singapore panel of adjudicators, as well as a member of an Advisory Board to UNCTAD.
Chief Executive Officer, Raintree Pictures
Executive producer Mr Daniel Yun is the Chief Executive Officer of Raintree Pictures. He founded the company in 1998 as part of MediaCorp's efforts to focus on content development and extend its reach beyond local shores. A strong driving force behind the push for an established film industry in Singapore, Mr Yun has led Raintree into the production of 11 movies and 8 releases since its inception. Raintree's maiden project, Liang Po Po - The Movie ranked third in Singapore's box office, grossing over S$3m. I Not Stupid, the second highest grossing local movie of all times had box office returns of over S$3.8 million. The movie was released in Hong Kong and had a theatrical run for five months. It received the Golden Torch Award 2002 by SIGNIS in Taiwan and was nominated for the Best Asian Film award in the 22nd Hong Kong Film Awards. In 2001, Chicken Rice War won the Discovery Award at the Toronto International Film Festival. The Eye was the highest grossing horror and Hong Kong movie in Singapore in 2002.