AFM 2012: Solar Entertainment Launches New Film Finance Company
The venture will be managed by former Comerica Entertainment executive Andrew Robinson.
Solar Entertainment’s Jared Underwood is launching a full-service specialty financing entity, Solar Media Capital, and has brought aboard former Comerica Entertainment executive Andrew Robinson to manage the new operation.
Solar Media is positioned to participate in all levels of filmed entertainment financing, providing lending alternatives not consistently covered by banks or credit investors. Examples include single-picture financing, bridge lending, library loans, prints and advertising funding, as well as distressed special situations lending.
“Solar Media Capital is an integral component of what we are building at Solar Entertainment. Now we can not only provide filmmakers with production services at our facilities in Romania, but also provide them with all their capital needs,” Underwood said.
Solar Entertainment Group’s investors and strategic partners include Edward Lawson Johnston, founder of London-based merchant back LJ Group, the New York-based Shu family, which has major holdings in real estate and energy in the U.S., Romania and China, and Bobby Paunescu, the majority owner of a top industrial conglomerate in Central and Eastern Europe.
At Comerica, Robinson worked to structure the financing of films including The Hunger Games, End of Watch, The Expendables, The Expendables 2, Good Deeds, The Grey, The Woman in Black and The Ides of March. Upcoming films he worked on include 2 Guns, Agent: Century 21, Broken City, Iceman, Olympus Has Fallen and Ender’s Game.