Film financing veteran Fred Milstein will take over as President, International of Harvest Seven Stars Media Private Equity (HSSPE) and CEO of Seven Stars Film Studios, the company announced on Monday.
Milstein, based in Los Angeles, will oversee the company’s investment strategy and its joint ventures outside of China. He will report to Bruno Wu, the Chinese media mogul whose company launched HSSPE in February.
“This appointment demonstrates our dedication to becoming a driving force in the global media and filmed entertainment industry,” Wu said in a statement. “Fred’s considerable experience, relationships and influence with production companies in both Eastern and Western markets, will only increase the already established and experienced skill set of HSSMPE’s executives and we’re delighted to have him on board.”
HSSMPE is investing in mergers and acquisitions and branching out more into English-language films.
Milstein was most recently the managing director of worldwide business development for Aon/Albert G. Ruben, and before that served as President and CEO of cineFinance, which he founded. At cineFinance, he provided the completion guarantees for films such as “Hurt Locker” and “The Blind Side.”
“Throughout my career, I’ve strived to break new ground in entertainment production, products and services and Asian filmmakers have consistently shown themselves to be open to innovation in all forms,” Milstein said in a statement. “Harvest Seven Stars Media shares the same vision and this latest role is another step towards developing content with international reach in this exciting and rapidly evolving market.”