NEW YORK– LAWFUEL – The Law Newswire –JPMorgan announced today the creation of JPMorgan Entertainment Advisors (JPMorgan EA) to provide a broad range of financial and strategic advice, services and products to clients of all types in the entertainment and related media businesses from their very earliest stages of development all the way through to maturity. The new unit will be led by industry veterans Alan Levine and Ken Lemberger, who have over 70 years of combined entertainment industry experience.
The new group will focus on assisting clients in the development and structuring of all forms of business strategies and models, the raising of capital and the selection of and ongoing advice to management, including client’s industry specific relationships, such as their production, distribution and licensing arrangements, the expansion of their existing distribution and exhibition businesses, and the creation of new industry initiatives. JPMorgan EA will offer JPMorgan’s industry-leading financial products that have been tailored to the entertainment industry since the early 1920’s and will draw upon the full spectrum of JPMorgan’s world-wide resources, products and services.
Messrs. Levine and Lemberger have extensive strategic and operational experience, business plan development and negotiation skills and bring to JPMorgan EA a depth of knowledge and operational experience. The two also have structured and executed a significant number of complicated entertainment transactions.
“This effort builds upon our success as the leading financier to the entertainment industry by greatly expanding our capabilities to offer an enhanced range of services and products in this space”, said John Miller, head of JPMorgan’s Entertainment Industries Group. “We have the highest respect for both Alan and Ken and we are delighted they will lead our new effort.”
“We are excited at the opportunity to combine our strategic and operational experience with JPMorgan’s entertainment franchise and extend the firm’s ability to provide a wider and deeper range of services and products by helping create, structure and manage the business of our clients,” said Alan Levine.
“Having spent my entire career either as a studio executive or advising senior management, I can confidently say that JPMorgan EA will be the only financial services firm to offer strategic advice together with a full complement of financial solutions, with this level of practical knowledge, experience and expertise,” said Ken Lemberger.
Also joining the new group as a principal will be veteran JPMorgan entertainment banker David Shaheen, a key member of JPMorgan’s Entertainment Industries Group who has specialized in highly structured financings and advisory assignments for the past 12 years. Additional professionals will be added to JPMorgan EA in the coming months.
“David’s knowledge and experience in providing financial services and products to companies producing intellectual property and distributing content world-wide will be a great addition to our team,” said Messrs. Levine and Lemberger.
The former President and Chief Operating Officer of Sony Pictures Entertainment (SPE), Alan J. Levine is leaving his position as counsel to Ziffren, Brittenham, Branca, Fischer, Gilbert-Lurie, Stiffelman, Cook, Johnson, Lande & Wolf LLP, a leading transactional entertainment law firm in Los Angeles. After leaving SPE, Mr. Levine was also engaged as a consultant in the entertainment and media industries focusing on strategic and business planning, evaluation and analysis of proposed sales, mergers, acquisitions and other major transactions. Prior to SPE, Mr. Levine was with the Los Angeles law firm of Armstrong, Hirsch & Levine, where he represented individuals and companies in all aspects of the entertainment business.
Mr. Levine is a member of the Academy of Motion Picture Arts & Sciences, the Academy of Television Arts & Sciences and the Roundtable of the Museum of Television and Radio and serves on the Board of Governors of Cedars-Sinai Medical Center, the Board of Councilors of the USC School of Cinematic Arts, and the Board of Councilors of the USC Gould School of Law.
Ken Lemberger is presently engaged in several high level consulting and counseling roles in the entertainment industry. Mr. Lemberger is leaving his position as counsel to the law firm of Kaye Scholer in Century City, California, concentrating his efforts in entertainment related transactions and litigation. Previously, Mr. Lemberger held many high level executive positions at SPE (and its predecessor companies) including Co-President of SPE; President of Columbia TriStar Motion Picture Group; Corporate Executive Vice President of SPE responsible for directing SPE’s corporate Development Group; and Vice Chairman of TriStar Pictures over the course of 23 years, first joining Columbia Pictures in 1979.
Mr. Lemberger began his career as a law clerk to Judge Charles H. Tenney of the US District Court for the Southern District of New York and was with the New York law firm of Weil, Gotshal & Manges. Mr. Lemberger is a member of the Academy of Motion Picture Arts & Sciences.
Mr. Shaheen joined JPMorgan in 1993 and is currently an Executive Director in the Los Angeles based JPMorgan Entertainment Industries Group. Mr. Shaheen holds an MBA from the Anderson School at UCLA and graduated with an Economics degree from Boston College, Phi Beta Kappa. He also currently serves on the Board of Directors of LA Scores.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.4 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com.