Lakeshore Entertainment has pacted with longtime partner the NY-based asset management firm Vine Alternative Investments Group on a new transaction in which they will co-finance upcoming Lakeshore-produced movies, growing the producer-financier’s slate to 12 movies. This adds to Lakeshore’s credit facility led by JPMorgan Chase to finance production and distribution including U.S. P&A on its current slate of pics that include the upcoming Philip Roth adaptation American Pastoral starring and directed by Ewan McGregor, which starts shooting in September and a fifth Underworld movie. It also has The Boy, now in production with STX Entertainment.
Hitting theaters this year from Lakeshore: Age of Adaline with Blake Lively and Harrison Ford on April 24 and The Vatican Tapes starring Michael Pena and Djimon Hounsou on July 24.
Lakeshore COO Eric Reid and CFO Marc Reid wrapped up the Vine deal, as the latter has been part of the corporate capital structure for years. No other financial terms were disclosed and neither were any new titles.
“Vine is a highly respected financial institution and they’re also one of the most creative financial partners in the business. We look forward to producing a slate of premiere motion pictures with experienced partners who continue to innovate in the film finance space,” said Lakeshore CEO Tom Rosenberg.
Said Vine CEO James Moore: “We are very pleased to be expanding our relationship with Lakeshore to help drive the company’s growth. Their long, successful history managing both the creative and financial aspects of this business make them ideal partners for Vine’s creative capital solutions.”