As craftily built co-productions become increasingly attractive, Studiocanal executive Léonard Glowinski is moving on to launch Paris-based production structuring and financing group 22h22. Glowinski, who started out as a banker for BNP Media in the 90s, spent 10 years at Pathé before joining Studiocanal in 2009 as head of French and European productions. He tells me the new company will bring European backing to international producers on films with substantial budgets in order to best optimize financing and reduce risk. He intends to work with a small number of films from the outset, creating co-production packages that take advantage of the various mechanisms available throughout Europe including subsidies, local incentives and private equity. Films that Glowinski had a hand in structuring at Pathé include Oliver Stone’s Alexander, box office hit Asterix And Obelix At The Olympic Games and Julian Schnabel’s The Diving Bell And The Butterfly which he executive produced. At Studiocanal, he was involved in putting together Liam Neeson-starrer Unknown and Oscar nominee Tinker Tailor Soldier Spy. Glowinski will continue to consult for Studiocanal, where former M6 exec Géraldine Gendre will take over as head of French production, and hang his own shingle on March 1. The company’s moniker, 22h22 (or 10:22pm), is a sentimental one: it’s the exact hour Glowinski proposed to his wife.

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