Universal strikes four year financing deal with Relativity Capital
Relativity Capital, a brand new investment partnership between Ryan Kavanaugh's Relativity Media and New York-based hedge fund Elliot Associates, has signed a deal with Universal Pictures to co-finance a significant portion of Universal's slate - approximately 45 films - through 2011.This will be the first deal in which Relativity acts as the principal and will retain the mezzanine and equity. Under the deal, Relativity will co-finance approximately 75% of Universal's releases ...
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