Editorial - Screen says Looping the loop
ScreenDaily.com this week reported that Ryan Kavanaugh's Relativity Media is teaming up with Citigroup Corporate and Investment Banking to co-finance approximately 45 films from an as-yet-unnamed Hollywood studio over the next five years. Following the parameters of recent co-financing equity structures with Hollywood, as much as $1.1bn could be invested in a slate via a revolving credit line from Citigroup.
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