Merced Media Launches With $500 Million in Funding
Producers Bill Block and Kevin Frakes join with Merced’s Raj Singh and Stuart Brown to make star-driven, wide-release movies
Producers Bill Block and Kevin Frakes are launching a new $500 million development, production and financing vehicle with Merced Capital L.P., it was announced on Wednesday.
Merced Media will produce a slate of films over the next three to five years that, according to the announcement, “will focus on filmmaker and star-driven, wide-release motion pictures.”
Raj Singh and Stuart Brown of Merced will oversee media investments. Merced was founded in 1988 when it was spun off from Cargill’s Financial Markets Department.
Since then it has raised and managed a series of investments, including seven funds to make movies created between 2005 and 2014. It currently manages committed capital of over $2.5 billion.
Since 2012, Merced Capital has invested in films including November Man, Rush, American Ultra and Sing Street.
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Block is CEO of production and sales company QED International, financed by Media Content Capital. It has produced films including District 9 and Elysium, and the upcoming Fury, starring Brad Pitt, and Rock The Kasbah, starring Bill Murray.
Under this new deal, QED and Media Content Capital will be involved in projects in partnership with Merced Media.
Frakes is CEO of PalmStar Media Capital and has been an advisor to Merced Capital since 2012. His credits include Term Life, The Whole Truth and upcoming films American Ultra, with Jesse Eisenberg and Kristen Stewart, and Laggies, with Keira Knightley.
Frakes' other executive producing credits include Pawn Sacrifice, starring Tobey Maguire, and the upcoming John Wick, starring Keanu Reeves.
In this transaction Merced was represented by Stephen Saltzman of Loeb & Loeb. Block was represented by Josh Grode at Irell & Manella. Frakes is represented by Jonathan Gardner of Cohen Gardner.