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Steve Bing, writer, producer, film financier and philanthropist,has passed awayat the age of 55.

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According to Deadline, the producer allegedly died by suicide in Los Angeles Century City Monday afternoon.

He founded and chaired Shangri-La Entertainment, which financed films like 2004sThe Polar Expressand 2007sBeowulf.

Bing is survived by two children, including son Damian Hurley with ex-girlfriendElizabeth Hurley.

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