MYLES NESTEL (Producer, Oceana Media Group):
Myles Nestel is Founder and CEO of Oceana Media Finance, LLC, a newly formed film & distribution finance company with an initial capitalization of $100 million from American Capital Strategies Ltd.
Since 1994, Mr. Nestel has been involved in the financing of over 50 films & television productions with total production value of over $1billion with independent film producers and production companies, international film sales organizations, banks and international film distributors, along with all of the major film studios. The range of media and entertainment transactions and advisory work that he has been involved in has included single picture project financings, gap & mezzanine financings, tax/subsidy based film financings, initial public offerings, private placements, corporate lines of credit, library financing and acquisition financing.
Myles Nestel was co-founder, partner and Head of Business Affairs of the Los Angeles office of Cobalt Media Group. Cobalt was formed in October 1999 and soon became one of the leading independent film financing and international sales companies in the industry, with offices in Los Angeles and London. While at Cobalt, Mr. Nestel was directly involved in over 25 films including: HOUSE OF SAND AND FOG, starring Jennifer Connelly and Sir Ben Kingsley and released by DreamWorks in December 2003 earning three Academy Award® nominations; OPEN RANGE, starring Kevin Costner, Robert Duvall and Annette Bening and released by the Walt Disney Company in August 2003; TIMELINE, starring Paul Walker, directed by Richard Donner and released by Paramount in 2003; SWIMFAN, starring Jesse Bradford and Erika Christensen and released by 20th Century Fox in September 2002 and was the number one film in the U.S. box office on its opening weekend; BAND OF BROTHERS, a highly acclaimed miniseries that aired on HBO; HEARTBREAKERS, starring Sigourney Weaver, Jennifer Love Hewitt and Gene Hackman and released by MGM; 13 GHOSTS, GOTHIKA and House on Haunted Hill, produced by Joel Silver and released by Warner Bros. Chicken Run, released by DreamWorks & The World is Not Enough, starring Pierce Brosnan and released by MGM.
Prior to forming Cobalt, Mr. Nestel was co-head of the Los Angeles office of London-based National Westminster Bank Plc., where he spearheaded the building of the Bank’s Los Angeles Media and Entertainment Finance Group. At National Westminster Bank, Mr. Nestel provided the entertainment industry with a full range of advisory, financing and investment banking services. Films structured and financed include: WILD THINGS, LOST IN SPACE, IN LOVE AND WAR, SEVEN YEARS IN TIBET, LES MISERABLES, AMERICAN WEREWOFL IN PARIS and WAKING NED DEVINE. Mr. Nestel is also a chartered accountant formerly with the media division of KPMG Peat Marwick in London (1990 – 1994). At KPMG, Mr Nestel specialized in film and media clients (including The Rank Group). He is also a first-class honors graduate of The London School of Economics and Political Science.