In today’s film news roundup, Dean Devlin raises funds, Jason Cassidy gets a promotion and Music Box buys Werner Herzog’s documentary about Bruce Chatwin.FinancingDean Devlin’s Electric Entertainment has closed a $60 million syndicated corporate credit facility.SunTrust Robinson Humphrey is serving as the sole lead arranger and SunTrust Bank is the administrative agent.The access to the funds in this facility will initially be used to finance the third season of “The Outpost” on The CW along with the first season of “Almost Paradise” that will air on Wgn America in early spring of 2020.
The recent acquisition of the international sales rights for the FilmRise library will also contribute to Electric’s continued growth of its worldwide sales and distribution arm.PromotionFocus Features marketing president Jason Cassidy has been promoted to the post of vice chairman.Peter Kujawski will continue as chairman and Robert Walak remains president of Focus,
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