Lakeshore, Vine Investments to Co-Finance a Dozen Films
The deal expands the relationship between Lakeshore and the New York-based asset management firm.
Lakeshore Entertainment and private equity firm Vine Alternative Investments Group are expanding their relationship, agreeing to co-finance a dozen films produced by Lakeshore.
That's in addition to Lakeshore's credit facility with JPMorgan Chase bank.
The Vine transaction, concluded by Lakeshore COO Eric Reid and CFO Marc Reid, comes as Lakeshore looks to grow its slate. Vine has been an investor in Lakeshore’s corporate capital structure for several years.
“Vine is a highly respected financial institution and they’re also one of the most creative financial partners in the business,” Lakeshore CEO Tom Rosenberg said in a statement.
Added Vine's Jim Moore: “We are very pleased to be expanding our relationship with Lakeshore to help drive the company’s growth. Their long, successful history managing both the creative and financial aspects of this business make them ideal partners for Vine’s creative capital solutions."
Lakeshore is next in theaters April 24 with The Age of Adaline, starring Blake Lively, Harrison Ford, Michiel Huisman and Ellen Burstyn, followed by The Vatican Tapes, starring Michael Pena and Djimon Hounsou, out July 24.
Lakeshore's upcoming slate also includes The Boy, now in production and marking one of the first releases from STX Entertainment, and the film adaptation of Philip Roth's American Pastoral, directed by and starring Ewan McGregor alongside Jennifer Connelly and Dakota Fanning.