Canada Stockwatch: eNblast's Media Financing signs deal with Tsunami

Media Financing Group (MFG), a wholly owned division of eNblast Productions Inc., has signed a deal with Tsunami Entertainment to provide a full range of business affairs and production financing services for a minimum of Tsunami's next three motion pictures. MFG, was launched earlier this year, and is being headed by Jeff Haire. Prior to joining eNblast, Mr. Haire owned an independent consulting company providing services to industry clients that included Alliance Atlantis Communications, Arto-pelli Motion Pictures and Sarrazin Couture Entertainment.

Tsunami was founded in 1999 by film industry veterans, Ken Nakamura and Mark Burman. Its headquarters are in Toronto with a satellite office in Los Angeles. The company produced the Spreading Ground starring Dennis Hopper in 1999, which was filmed and posted in and around Toronto. Tsunami just completed filming Wrong Number in Montreal starring Eric Roberts and Brigitte Bako. The film is in postproduction in Toronto at a facility owned and operated by Tsunami.

"We have been working with Jeff on our current film, and his business affairs expertise, combined with eNblast's infrastructure and financial backing, will make MFG the most competitive company of its type in this industry," says Mr. Burman.

Three Tsunami motion pictures slated for production in 2001 include Amnesia, a thriller, to be directed by Canadian, Jason Priestley (of Beverly Hills 90210 fame); Tripwire starring Andy Garcia and to be directed by Canadian, Saul Rubinek (seen most recently as Donnie on the hit sitcom Frasier); and Seabreeze, an outstanding script, and a film being structured as a Canada-United Kingdom-Germany co-production. MFG will help complete the financing, administer tax credits, secure distribution and interim financing, and close the bank deals for all three of these Tsunami films...