US-Americas 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.
FilmEngine to set up an Asia joint venture in Taiwan
Los Angeles-based FilmEngine is to set up an Asia joint venture in Taiwan, with Taiwan’s Hsu Po-yun, founding partner of New Aspect Cultural Foundation and executive board for Federation for Asian Cultural Promotion (FACP).
K5 strikes output and development deal with Knudsen and Van Hoy
New York-based independent producers Lars Knudsen and Jay Van Hoy of Parts & Labor, who recently produced Oscar-nominated Beginners, have struck an output and development deal with K5 Media Group.
K5 launches LA division with Kevin Frakes as CEO
PalmStar CEO heads new K5 division in LA which starts out with a $30m investment pot.
AR Films, Media Talent Group launch $120m US fund
Producer Alexander Rodnyansky’s AR Films and Geyer Kosinski’s Media Talent Group have launched the fund to develop and produce up to six films in the US over the next two years.
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Alcon joins Lionsgate to co-finance rom-com Expecting
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Endgame launches p&a fund to support wide releases
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CEG invests in music funding on Parker, Looper
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WIFF Finishing Fund announces grant recipients
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Grosvenor Park returns to film lending, launches EIS fund in UK
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Extremal teams up with Gary Pearl on financial product
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Relativity scores Chinese coup with Huaxia, SkyLand deals
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Hemisphere launches studio co-fi fund, names first projects
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Telefilm Canada finances five new French-language films
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Future Film Group strikes $110m, four-film deal with Fusion Films
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Hot Docs festival and Blue Ice Film create $1million African doc fund
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Iron Sky to seek funding through Interactor
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Asia Film Group seeks partners for Asian remakes of RKO classics
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RCR Media Group extends co-fi pact with SPWA
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Tribeca Institute, JustFilms partner on $750,000 fund
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Green Isle adds $20m UK-Australia comedy to maiden slate
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Village Roadshow's China venture working with Zhang, Chow
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RioFilme in talks to back Noyce's Bloodsport remake
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Media Rights Capital closes $350m revolving credit facility
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Greenberg Fund backs projects written by Boxen, Morton/Fogliato, McGowan
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Icahn, Lionsgate cease hostilities as corporate raider sells stake
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Russian producer puts $12m into new Billy Bob Thornton drama
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Gucci Tribeca doc fund announces funding grantees
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Holdom lines up Marcel, Deathtrap Dungeon
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The Film Department to shut down on May 27
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Well Go USA secures private equity backing from Brock Capital
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Vanguard, Aurelius, Maloof partner on $20m fund
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Federal government’s proposed budget commits $240m to Canadian moving pictures
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Qualia Capital co-founder Ken Schapiro named MGM COO
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MGM heads Birnbaum and Barber say restructure is finalised
