TNT's 'Leverage' gets $14 million in funding
Deal marks Winchester Capital's first move into TV financingTNT's "Leverage" has drawn new financial support.
Winchester Capital Management has stepped in to fund the drama series' third season, which begins airing in late summer. The $14 million deal for 16 hourlong episodes is the company's first move into television financing.
"Leverage," an action drama starring Timothy Hutton, is produced by Dean Devlin's Electric Entertainment ("The Triangle" ), with Devlin executive producing.
Launched three years ago by Jean-Luc De Fanti and former CBS Entertainment CEO Jeff Sagansky, WCM has invested in the features "The Men Who Stare at Goats," "The Private Lives of Pippa Lee" and "The Killing Room." The company also has a multipicture financing deal with Luc Besson's Europa Corp.
WCM principal Eli Baker negotiated the "Leverage" deal.
"I've known and admired Dean Devlin as a producer for many years," De Fanti said. "He has a great ability to make commercial film and television content with an innovative business approach."
Created by John Rogers and Chris Downey, "Leverage" also stars Gina Bellman and Beth Riesgraf in the story of a former insurance investigator trying to expose corporate corruption.