Spielberg gets financing

It took a while, but DreamWorks has gotten verbal commitments for $325 million in financing, enough to cover at least three years of film production. Bankers soon will begin closing on the loan syndication, according to THR. JPMorgan Chase, which is leading the syndication, will contribute $75 million. City National and Bank of America are on board for $50 million each. The bank money will be matched by India's Reliance Big Entertainment.

RBE topper Anil Ambani is heading to Los Angeles on Monday for a CAA-hosted reception to introduce him to local VIPs. Ambani is visiting the U.S. for other business, and the talent agency is taking the opportunity to introduce the Mumbai magnate to top talent and others involved in a number of film production deals inked through CAA last year.

In addition, distribution partner Disney will provide up to $175 million.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing
Previous story: Bratz stay denied

Next story: Still more gas hikes

New at LA Observed
On the Media Page
Go to Media

On the Politics Page
Go to Politics
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner


Advertisement
Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
LA Observed on Twitter and Facebook