MarVista Entertainment has a new source of funds, and a new movie.
The production and distribution shingle has secured capital from an investment group led by Brian N. Sheth, president and co-founder of private equity firm Vista Equity Partners. MarVista also announced it will move forward with the telepic “Dangerous Attraction,” directed by helmer-cinematographer Michael Lohmann. Pic will star “The Mentalist” thesp Amanda Righetti, “Blue Bloods” actor Will Estes and Eric Szmanda from “CSI.”
While Sheth and MarVista declined to disclose details of the investment, company CEO Fernando Szew said the new capital will help expand MarVista’s production slate and distribution capacity. The shingle averages 15-20 films a year, often partnering with networks or other production entities. “The aim is to be able to double that over a period of time,” Szew told Variety.
Company, which focuses on features and telepics, was most recently appointed by Saban Brands as the international distributor for the new season of “Power Rangers Samurai” and the more than 700 episodes in the “Power Rangers” library. Szew and writer and producer Michael Jacobs, who will exit the company at the end of the year, founded MarVista in 2003.