Print this article
Lionsgate Closes Innovative Film Financing
(released
5/30/2007)
By greenroomwire
Lionsgate announced that it closed a theatrical slate financing deal on Friday, May 25. The deal creates a funding entity, LG Film Finance I, LLC, which will be co-owned by Lionsgate and privately-owned Pride Pictures LLC, which was formed specifically for this transaction. The fund will provide an aggregate of up to $400 million in financing for the production, acquisition, marketing and distribution of theatrical feature films, inclusive of Lionsgate's matching contributions.
The slate covered by the financing is expected to be comprised of 23 films over the next three years, kicking off with last weekend's wide release of director William Friedkin's critically-acclaimed Bug, starring Ashley Judd, and including such upcoming wide releases as the teen comedy Good Luck, Chuck, starring Dane Cook and Jessica Alba, the action film War, teaming Jet Li and Jason Statham, and the highly-anticipated 3:10 To Yuma, starring Academy Award-winner Russell Crowe and Christian Bale and directed by James Mangold.
 Digg this article!  Subscribe
|