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Film Payroll Company Launches Incentive-Backed Loan Unit

Mark Madler
By Mark Madler
4

Cast & Crew Entertainment Services has started a new division to provide government incentive-backed financing for film and television productions. The Burbank firm has hired Deirdre Owens to head up Cast & Crew Financial Services. She will assist in providing loans for productions that are collateralized by incentives such as tax credits, rebates and grants. Owens previously was senior vice president of finance at Grosvenor Park Media in Los Angeles. Cast & Crew also hired Joe Bessacini as vice president of film and television production incentives at the new division. Owens and Bessacini together bring a wealth of production finance experience, said Eric Belcher, chief executive of Cast & Crew. “This new initiative brings their collective experience together to provide a full-service production incentive offering for studio and independent production clients alike,” Belcher said in a prepared statement.

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Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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