Latest finance news
MGM secures $500m credit facility
A year after coming out of bankruptcy, MGM has secured a new $500 million revolving credit facility, which the studio hopes will allow it to retire its previous debt and contiue to grow its film and television business.
Harvest, Sun Redrock launch $800m fund to invest in Asian and Western companies and films
Harvest Alternative Investment Group (a subsidiary of Harvest Fund Management) and Bruno Wu’s Sun Redrock Investment Group have formed the new Harvest Seven Stars Media Fund, which will raise an initial $800m in capital.
Ahmed's Fineline gets funding for development slate in South Africa
Durban-based director/producer Junaid Ahmed plans to use state funding to developing new creative talents from black-filmmakers in South Africa.
Analysis
Producers doing it for themselves
An increasing number of producers are choosing to bypass sales agents altogether and negotiate directly with international buyers. As a producer points out, it can make sense to sell your own film — but only in special cases.
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In Focus
Winter Warmer
Jeremy Kay analyses the deals from Sundance — including the $6m deal for The Surrogate [pictured] and looks ahead to Berlin’s European Film Market.
