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.
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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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