The Royal Bank of Scotland has closed a $350m film financing deal with New Line Cinema. The pact will provide co-financing for an estimated 20 New Line films during an approximately two-year period.

The deal will include 2007 releases such as Hairspray, Rush Hour 3, and The Golden Compass as well as planned 2008 releases Inkheart starring Helen Mirren, Ghosts Of Girlfriends Past starring Matthew McConaughey and Semi-Pro starring Will Ferrell. The financing will cover films of various genres and budgets, including potential new tentpoles.

New Line's co-chairmen and co-CEOs Bob Shaye and Michael Lynne said in a joint statement: 'We welcome The Royal Bank of Scotland's involvement in our exciting line-up of films. We look forward to a successful, mutually beneficial financial relationship.'

'The ability to work with New Line Cinema on this exciting transaction is a fantastic opportunity for The Royal Bank of Scotland and underlines our commitment to New Line as filmmakers of the highest caliber,' commented Alex Brown, Managing Director and Head of Structured Asset Finance, Media & Entertainment at RBS.