DreamWorks refinances, accelerates animated output schedule
DreamWorks has announced a$1.5bn refinancing package that will enable it to double its animated featureoutput to two or three pictures a year by 2004 and increase by around 30% itsannual live action slate to 10-12 titles by 2005. The deal, unveiled on Friday,comprises a $1bn securitisation and a $500m revolving credit facility thatreplace existing financial arrangements due to expire early next year andextend the studio's access to debt capital until at least October 2007.
Continue reading – simply subscribe below
It takes just two minutes and you’ll immediately gain full access to ScreenDaily.com, PLUS Screen International monthly magazine delivered to your door.
Screen International Subscribers:
If you are a Screen International subscriber please sign in with your email address and click submit:
Not a Screen International subscriber?
Sign up today for immediate and complete access to screendaily.com and the monthly Screen International magazine for as little as £19.95 a month!
Find out more about all the benefits of a subscription to Screen International.