Content Media secures $40m credit
Content Media, currently handling sales on titles such as Pudsey: the Movie and A Long Way Home, has renewed and extended a key line of bank credit.
The $40m facility with JP Morgan, with SunTrust Bank as syndication agent and supported by Manufacturers Bank, has been extended into mid-2016.
The original facility was established in 2004 and this marks the fourth renewal.
Content CEO John Schmidt said: “These are exciting times for Content as we build out our worldwide business with revenues having grown from around $30m to $70m over the last two years. We are looking forward to further growth over the coming years supported by our partners in the loan facility.”
Content Media includes Content Film, Content Television and Content Digital.
It has more than 240 titles in its film division and a library of 3,800 hours in its TV unit.