Sodec taps exec to top fundraising arm's new program
producer involved. Fidec was started with a C$45.5 million fund ($30 million), with Sodec kicking in $13 million. A number of leading Montreal entertainment companies are also investors in the project. Suzanne Laverdiere, head of film and TV at Sodec, said there is a real demand for a home-grown gap-financing company in Canada. “Quebec producers were already using gap-financing companies from outside Canada and one of the problems has been that the Canadian banks have not been inclined to take the risks associated with film projects,” Laverdiere said. “So it allows us to bring this kind of financing back to Quebec.” Fidec has already inked to gap finance a number of Canadian pics, notably “The List,” the new English-lingo remake of the French-language Quebec hit “Liste Noire,” to be directed by Sylvain Guy, starring Ryan O’Neal and Ben Gazarra and being sold by Moonstone. Fidec has also signed with the Coscient/Tom Berry co-venture Legend Entertainment to make between two and six pics in the $8 million to $10 million budget range.
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