Wonderfilm
Media (TSX.V: WNDR) (OTCQB: WDRFF), a producer of high-quality feature
films and episodic television with international appeal, this morning announced
the co-marketing of a third-party, $50 million (C$65.9 million) asset-backed
debt facility intended to accelerate the pace of the company’s revenue and
increase overall production efficiency. The independent, U.S.-based facility
will be a limited liability corporation (“LLC”) that will exclusively support
and be secured against specific upcoming Wonderfilm movie productions. The
facility affords Wonderfilm the instant advantage of quicker green-lighting and
scheduling of production and delivery of its film and television schedule, as
well as the likely accelerated revenue-generation and production by cash flowing
all pre-sale movie contracts, in addition to several levels of government tax
credits and tax incentives. “Wonderfilm continues its exciting growth phase
with access to funds that will greatly streamline our ability to deliver
content to streaming services, theatres and broadcasters around the world. Time
is money, and currently we have to undertake a single financing for each and
every movie employing a paperwork and approval process that by its nature is
long and cumbersome, which negatively impacts our ability to quickly schedule
productions. The debt-facility streamlines this procedure, allowing us to
schedule film shoots on our terms and on our timetable. The fund provides
Wonderfilm a strong strategic advantage in the market,” Wonderfilm CEO Kirk
Shaw stated in the news release.
To view the full press release, visit http://ibn.fm/UcJ6B
About Wonderfilm Media
Wonderfilm is a leading publicly traded entertainment
company with offices in Los Angeles and Vancouver. Wonderfilm’s main business
is the production of high-quality feature films and episodic television. Global
Content Creation leaders – the Wonderfilm team – has packaged, produced and
delivered hundreds of profitable films with proven direct access to Academy
Award Quality films and upside. For more information, visit the company’s
website at www.Wonderfilm.com.
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