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The Film Department Closing in on $200 Million in Private Financing

The Film Department Closing in on $200 Million in Private Financing

On 22 June 2009, posted in: Economic News by admin | 1,665 Comments

LOS ANGELES–(BUSINESS WIRE)–The Film Department announced today that it is in negotiation with investors who prefer to keep the company in private hands for $200 million in equity and debt that will be used to finance the production, acquisition and U.S. release of 5-10 films per year. As a result, the company has withdrawn its registration statement with the U.S. Securities and Exchange Commission. The company has made six other significant steps forward: *setting a U.S. release date of Decem

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