Lakeshore Entertainment is co-financing 12 of its movies with Vine Alternative Investments Group, a New York-based asset management firm.
Lakeshore said the transaction is an expansion of its relationship with Vine and is timed to coincide with its growing development slate. Its upcoming films include “American Pastoral,” helmed by and starring Ewan McGregor alongside Jennifer Connelly and Dakota Fanning, and the fifth installment of the “Underworld” franchise.
Lakeshore’s upcoming titles include “The Age of Adaline,” starring Blake Lively, Harrison Ford, Michiel Huisman and Ellen Burstyn, and “The Vatican Tapes,” starring Michael Pena and Djimon Hounsou.
Under the Vine deal, Lakeshore will continue to finance production and distribution — including U.S. prints and advertising on its motion pictures — under its credit facility led by JPMorgan Chase Bank. Vine has been an investor in Lakeshore’s corporate capital structure for several years.
“Vine is a highly respected financial institution, and they’re also one of the most creative financial partners in the business,” said Lakeshore CEO Tom Rosenberg. “We look forward to producing a slate of premiere motion pictures with experienced partners who continue to innovate in the film finance space.”
Lakeshore recently hired Laura Austin-Little for the post of head of international sales and acquisitions. She joins Jason Buckley, senior VP of international sales.