BURBANK, CA – Entertainment Partners (EP), the entertainment industry’s leading provider of payroll and production management solutions, announced today that John Hadity will be joining the company to head up its new financing division. The announcement marks Entertainment Partners’ move into the financing arena, which will initially be focused on the monetizing of production tax credits.
In addition to being the leader in production payroll and the largest processor of residual payments in the industry, Entertainment Partners offers production tax credit consulting, administration, and brokering along with point of sale services for eligible jurisdictions.
“We are excited to be able to offer our clients additional financing services that will leverage our expertise and existing relationships while addressing a broader range of their needs,” says Markham L. Goldstein, President and CEO of Entertainment Partners.
Currently an independent consultant and Chairman of the Producers Guild of America (PGA) East, Hadity is widely considered one of the leading authorities on film financing. During a twelve-year tenure as Executive Vice President of Motion Picture & Television Production Finance for Miramax Films, under the leadership of Harvey Weinstein, he oversaw the production financing, strategic planning, risk management, labor relations, business affairs, tax, governmental relations, and financial reporting for more than 250 productions. “John came up with some of the most innovative strategies for us for film financing, especially internationally,” said Weinstein at the PGA’s 2011 Produced By Conference.
“I couldn’t be more excited about joining my friends at EP,” notes Hadity. “I’ve been a huge cheerleader of theirs for as long as I can remember and I see this as a real growth opportunity for the company, which further underscores the fact that EP is a market leader in everything it does.”
The new line of business is expected to be launched later this year. Hadity will be located in the company’s New York offices, though his influence is expected to continue expanding globally. He has previously worked closely with governmental policymakers of all levels in the United Kingdom, Ireland, Canada, Australia, New Zealand, Romania, Serbia and a number of jurisdictions in the U.S.
“The addition of John, a frequent guest lecturer at Yale, Columbia, Harvard and NYU business schools, combined with the existing eminence and knowledge of Joseph Chianese and his Incentives team, reinforces our commitment to provide the industry with the very best resources available anywhere,” adds Goldstein.