Electric Entertainment secures 0 million loan to bolster film and television offering

Electric Entertainment secures $100 million loan to bolster film and television offering

Electric Entertainment, the production company behind shows like Leverage: Rescue s almost paradiseI on Amazon Freevee, On Thursday, he announced that he had closed a $100 million loan with Bank of America.

The company will first use the five-year financing on a schedule list that also includes the ark on the SYFY channel. Leverage: Rescue it’s a spinoff lever, One of the first Freevee originals and currently in production for a second season. almost paradise It first aired on WGNA and is now gearing up for a second season on Freevee.

“With the advent and continued growth of the streaming industry, we are fortunate to continue to do what we do best: create scripted original programming that audiences love. Not just with our streaming, but now with our streaming channel and platform partners, our content is in greater demand as our distribution expansion becomes far-reaching,” said Dean Devlin, CEO of Electric Entertainment.

Devlin runs the independent studio with partners Mark Roskin and Rachel Olshan-Wilson. The Los Angeles-based company’s previous series include librarians s lever in TNT and an outpost on the CW. Includes feature films bad samaritanStarring David Tennant and Robert Sheehan and say my name, With Lisa Brenner and Nick Blood.

Source: Hollywood Reporter

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