CPPC completes placement

Minneapolis-based Century Park Pictures Corp. announced yesterday that it has completed the private placement of $ 1.5 million in securities consisting of units containing two common shares and warrants for a two-year period to purchase two additional common shares.

In a press release, Century Park said the placement provides it with the operating capital to expand its present production activities and to move forward with “an aggressive acquisition program.”

“Watch where we are a year from now,” said Tom Scallen, Century’s chief executive officer, who cited lower prices are the momentum behind the company’s acquisition program in a telephone interview.

He said the company is interested in purchasing network-affiliated television stations and other entertainment properties. “There are oppportunities to do deals now that there weren’t two years ago,” he said.

More Biz

  • Jack Ma Alibaba

    Alibaba Looking at Expansion in Advertising, Media Sectors

    Minneapolis-based Century Park Pictures Corp. announced yesterday that it has completed the private placement of $ 1.5 million in securities consisting of units containing two common shares and warrants for a two-year period to purchase two additional common shares. In a press release, Century Park said the placement provides it with the operating capital to […]

  • Mandatory Credit: Photo by AP/REX/Shutterstock (9178399b)Hillary

    Hillary Clinton Talks Russia, Trump, Putin and Midterm Elections at NYC Festival

    Minneapolis-based Century Park Pictures Corp. announced yesterday that it has completed the private placement of $ 1.5 million in securities consisting of units containing two common shares and warrants for a two-year period to purchase two additional common shares. In a press release, Century Park said the placement provides it with the operating capital to […]

  • Richard Simmons

    Prosecutors Charge Private Eye With Illegal Spying on Richard Simmons

    Minneapolis-based Century Park Pictures Corp. announced yesterday that it has completed the private placement of $ 1.5 million in securities consisting of units containing two common shares and warrants for a two-year period to purchase two additional common shares. In a press release, Century Park said the placement provides it with the operating capital to […]

  • Lionsgate General Counsel Left Amid Allegations

    Lionsgate General Counsel Left Amid Allegations of Sexual Abuse

    Minneapolis-based Century Park Pictures Corp. announced yesterday that it has completed the private placement of $ 1.5 million in securities consisting of units containing two common shares and warrants for a two-year period to purchase two additional common shares. In a press release, Century Park said the placement provides it with the operating capital to […]

  • 'Hammerhead' Takes Top Honors at New

    'Hammerhead' Takes Top Honors at New York Television Festival

    Minneapolis-based Century Park Pictures Corp. announced yesterday that it has completed the private placement of $ 1.5 million in securities consisting of units containing two common shares and warrants for a two-year period to purchase two additional common shares. In a press release, Century Park said the placement provides it with the operating capital to […]

  • Radiohead Coachella

    Radiohead Demands Answers in Drum Technician's Death

    Minneapolis-based Century Park Pictures Corp. announced yesterday that it has completed the private placement of $ 1.5 million in securities consisting of units containing two common shares and warrants for a two-year period to purchase two additional common shares. In a press release, Century Park said the placement provides it with the operating capital to […]

  • Kevin Durant LeBron James

    Kevin Durant Praises LeBron James' Lakers Move

    Minneapolis-based Century Park Pictures Corp. announced yesterday that it has completed the private placement of $ 1.5 million in securities consisting of units containing two common shares and warrants for a two-year period to purchase two additional common shares. In a press release, Century Park said the placement provides it with the operating capital to […]

More From Our Brands

Access exclusive content