Business Moves

Bankrolling the movie business

By Lara Wozniak | 22 November 2007
Keywords: creative industries | standard chartered

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Standard Chartered is offering producers the finance to make more movies in the region.

Banking isn’t usually considered a sexy business. Movies and television, most people would say, are sexy industries.

So you might say Lee Beasley is a lucky banker, as head of media and entertainment client relationships for Standard Chartered, he is basically a banker for the stars, and so therefore, by proxy, he’s involved in a sexy industry.

Except the nitty gritty isn’t all that exciting after all – essentially he offers a variant of receivables financing for movies – and yet, it’s a new and growing industry in Asia. Standard Chartered bills itself as the first bank ...

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