Parallel Media has hired Tim O’Hair as head of production. O’Hair was previously a senior agent in the motion picture finance group at Paradigm.

“Tim’s extensive experience in both studio and independent film makes him an extremely valuable addition to our team as we ramp up production,” said Parallel president Ray Markovich in a statement. “His knowledge and relationships within the global marketplace, along with the experience that comes from dealing with all of the challenges in financing independent films makes him the perfect fit for Parallel.”

Parallel is an equity-backed film finance and production company that is part of a large financial industrial group headed by chairwoman Olga Mirimskaya. Producing two to four pictures a year, the company will also be offering a bridge fund to producers.

Films in various stages of production at the company include Sundance comedy High School, Paul Weiland’s Shoe Addicts Anonymous, with Halle Berry, horror remake Night of the Demons, and comedy Demoted.