JPMorgan fortifies Entertainment unit with $200m warchest
JPMorgan is stepping up its involvement in Hollywood with a commitment to invest $200m of its own capital in film and entertainment projects.The New York-based bank, which late last year arranged $225m in production and distribution funding for start-up Overture Films, said it will use subordinated debt for investments such as film and television financings, acquisitions and print and digital media start-ups.This new initiative is intended to complement JPMorgan's ...
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