Given the world financial crisis and today’s U.S. stock market collapse (ugh, not again), I find it surprising that yet another independent Hollywood production company just managed to find financing. Media Rights Capital six weeks ago began looking for a $350 million revolving line of credit fund and completed the deal Friday. I’m told it was over-subscribed by the top 10 entertainment bankers. Stepping up to the plate were lead bankers Comerica and JP Morgan Chase, the latter of which also secured $700 million in credit to complete the DreamWorks-Reliance $1.2 billion partnership. MRC’s big bucks will be used for financing films, TV, the works. Here’s hoping that Paramount can get acceptable terms for its overall financing very soon.

Finke/LA Weekly: Credit Crunch Hits Paramount