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VCL cuts 2001 forecasts, raises new cash

Germany's VCL Film + Medien's "liquidity bottleneck has been uncorked by a $33.9m financial package provided by a consortium of banks and other investors, led by France's Societe Generale. It will help to secure the financing of the first two Woody Allen films in VCL's three-picture deal concluded in June 2000.

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