TITLE

Bridge spans the indie gap

AUTHOR(S)
McClintock, Pamela
PUB. DATE
May 2006
SOURCE
Daily Variety;5/15/2006, Vol. 291 Issue 31, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the joint venture between ICM CEO Jeff Berg, Merrill Lynch & Co. Inc.'s Global Asset Based Finance Group and Rizvi Traverse Management wherein they formed NewBridge Film Capital in an effort to finance the independent film industry in the U.S. The investors, Merrill Lynch and Rizvi, have selected film financing veteran Diane Stidham to serve as CEO and gap financing expert Danny Mandel as director of the group. The fund will be available to a wide variety of projects needing loan money to cover the gap between a film's production budget and the amount actually committed to the film.
ACCESSION #
20900869

 

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