Australian media group RACAT has today announced the launch of Northern Screen Finance, a new specialist lending company which aims to give local screen producers cost-effective cash flow.
The venture is a new arm of independent producers, Northern Pictures, and is led by Managing Director Peter Anderson, Chief Financial Officer Steve Morgan and General Counsel Page Henty.
In a statement on Thursday (April 23rd), Anderson said the team is thrilled to be launching the company and have already secured their first offset loan with the upcoming six-part drama series, “Dalliance”, which stars Hugo Weaving and Heather Mitchell and is produced by John Edwards and Dan Edwards for Roadshow Rough Diamond, Network Ten and Paramount.
“We’re committed to strengthening Australia’s screen sector and championing local storytellers, so their work reaches audiences here and globally,” Anderson said.
“With a deep understanding of the production process end-to-end, our goal is to make the lending experience seamless and efficient, empowering producers to focus on creating outstanding content.”
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The new group comes only months after Northern Pictures welcomed Polly Rowe as Head of Scripted Development, in which she will oversee the development and commissioning of scripted content.
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“I’m impressed by the talent in the team and their inventive ways of creating,” Rowe said.
“Their brilliant strategic and innovative thinking is evident on screen and I look forward to helping expand the company’s legacy of bold, authentic storytelling worldwide.”