Film and TV investor Content Partners just announced a new financing arm at a time when some institutional investors are fleeing Hollywood.
It kicked off with a deal providing debt financing to Media Capital Technologies to support its backing of Lionsgate's film slate.
Content Partners Capital (CPC) is targeting up to five deals a year of up to $100 million each in debt financing for film and TV companies.
Lordo said Content Partners saw a void to help entertainment companies that are stuck in a financing bind, unable to get bank or private-equity backing.
The era of Peak TV is over: Big entertainment companies have reduced spending as streaming hasn't made up for losses in linear TV.
Persons:
there's, Alphonse Lordo, Lordo, they've, Mark Cuban, Todd Wagner, It's
Organizations:
Service, Content Partners, Media Capital Technologies, Lionsgate, Starz, Business, Content Partners Capital, CPC, Truist Securities, Partners, Monroe, Fortress Investment Group, Media, Revolution Studios, CSI television
Locations:
Hollywood