SSS Entertainment Closes $20M Credit Facility Via Louisiana’s Red River Bank

Read on: Deadline.

EXCLUSIVE: Shaun Sanghani’s SSS Entertainment, producer of films such as the upcoming, Al Pacino-starring World War II drama Axis Sally, has closed a $20 million revolving credit facility with Louisiana-based Red River Bank.
SSS Film Capital, a n…

Meshulam Riklis Dies: Pia Zadora Husband, Billionaire Involved In Golden Globes Scandal Was 95

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Meshulam Riklis, a billionaire businessman best known as the husband of actress Pia Zadora and the fulcrum of a Golden Globes scandal in the 1980s, has died. He was 95 and passed in a Tel Aviv hospital, according to his family.

Riklis was accused of l…

Leonardo DiCaprio Testifies To Federal Grand Jury In Malaysian Fund Probe: Report

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Leonardo DiCaprio has reportedly secretly testified before a Washington, DC grand jury as part of a federal investigation into a Malaysian government investment fund.
The case, which involves some of the highest members of the Malaysian government and …

Franklin Leonard Announces The Black List Is Raising A Film Fund

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Franklin Leonard used the prominent stage of the Wall Street Journal’s Tech D.Live conference to announce he’s raising a film fund to produce some of the exceptional screenplays submitted to The Black List.
The Black List’s annual sur…

Steven Quale Will Direct Aquatic Thriller ‘Alphas’ For Voltage Pictures

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Steven Quale (Into the Storm, Aliens of the Deep) is set to direct the upcoming aquatic thriller Alphas, based on the screenplay by Frank Hannah (The Cooler).
The deep sea epic centers on a school of great white sharks terrorizing a coastal town. The o…

Saudi Banking Scandal Move ‘Billion Dollar Mirage’ Moving Forward At Name Landing Films

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EXCLUSIVE: Newly formed production company Name Lending Films has set its inaugural project, Billion Dollar Mirage, with secured funding from aX Films and other private equity. The feature adaptation is based on the yet-to-be-released autobiography, Ne…

‘Fornite’ Maker Epic Games Raises $1.25 Billion In New Funding

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Epic Games, the maker of top-selling videogame Fornite, has raised $1.25 billion in new funding from investors including KKR, Iconiq Capital and Smash Ventures.
Disney and Endeavor are among those with small stakes in Epic. Chinese conglomerate Tencent…

Open Road Fetches Stalking-Horse Bid In Runup To Bankruptcy Auction

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Open Road, the latest independent film company to hit the rocks, has received a “stalking-horse” bid of $87.5 million in Delaware bankruptcy court from a buyer identified as “OR Acquisition Co.”
According to court documents, the…

UTA And Valence Media’s MRC Form TV Production And Finance Venture Civic Center Media

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Deepening the investment of Hollywood agencies in content production, United Talent Agency has teamed with Valence Media and its Media Rights Capital subsidiary on a joint venture to be called Civic Center Media.
The new entity, in which UTA will hold …

Inked Brands Raises $6 Million To Support Its “Influencer Commerce” Business, Names New Board Members

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Inked Brands, an e-commerce company that helps social media influencers convert their followers to customers, has completed a fundraising round with investments from the production company Archer Gray and from Jim Fielding, president of consumer produc…

Endeavor Chief Ari Emanuel Talks Rebalancing The Company And How Media Disruption Puts It “In The Perfect Spot”

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Endeavor CEO Ari Emanuel offered a roomful of Wall Street types his takes on several hot topics in media while also making a case for his privately held company’s progress in evolving from its traditional representation origins.
Speaking at the G…

Global Road Files For Chapter 11 Bankruptcy Protection

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Global Road has begun its bankruptcy process, as expected, filing for Chapter 11 protection.
Following the scenario sources had floated, the filing was made under the Open Road releasing unit, with the IM Global division remaining separate. That maneuv…

For STX, Box Office Dip And China-U.S. Trade War Cloud Hong Kong IPO Picture

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EXCLUSIVE: Ever since it planted a flag in the shifting ground of the movie business, STX Entertainment has fashioned itself a different kind of studio, an operation bent on proving Hollywood’s long-held assumptions about mid-budget films wrong.
That b…

Jeffrey Katzenberg And Meg Whitman Confirm $1B Raise For NewTV, Eye Holiday 2019 Launch: “Now The Real Fun Begins”

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Jeffrey Katzenberg and Meg Whitman, who first worked together decades ago at the Walt Disney Co., have re-teamed for one of the most lucrative fundraising efforts by a startup. They have secured an initial round of $1 billion for their mobile video net…

Bank of America Merrill Lynch Adds Two Veteran Media Advisors

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Bank of America Merrill Lynch has added two veterans of the sector to its media and telecom advisory team.
Sam Powers will start this fall as head of Americas Media & Telecom Investment Banking for the investment bank, which is a unit of BofA. He h…

Queen Latifah Is First Partner For Essence Fund For African-American Content

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A new venture fund focused on African-American content has launched and teamed with its first partner, Queen Latifah’s Flavor Unit Entertainment.
The Essence Creators and Makers Fund has a $20 million endowment from Essence Ventures, the parent c…

Apple’s Jamie Erlicht & Zack Van Amburg Make Moves To Shake Up SVOD Scripted Space — Deadline Disruptors

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Apple, which helped revolutionize the digital distribution of music with iTunes, is a relatively late entrant into the digital video-on-demand space. But its foray had been a long time in the making. “There has always been a fascination at the company …

Alex Walton On Adding Endeavor Content Muscle To Sales Company Bloom — Deadline Disruptors

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Bloom became more than the average foreign sales company last fall when Endeavor Content acquired a majority stake from co-owners Alex Walton and Ken Kao. While agencies have held cozy relationships with different sales agents in the past, this was the…

Endeavor Content’s Chris Rice Out To Disrupt Production & Business Mechanics In TV — Deadline Disruptors

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“We don’t want to produce, that’s not our goal,” says Chris Rice, co-president of Endeavor Content. The content division of talent agency WME-IMG does, however, want to disrupt the mechanics behind production as well as find business where it historica…