Corman sets up credit financing

Line raised with Merlin Films

Roger Corman, the veteran American low-budget meister who’s now based in Ireland, has secured a $10 million credit line to gap finance European co-productions.

Corman raised the coin in tandem with Kieran Corrigan of Merlin Films.

They plan to invest a maximum of 30% of the budget for any pic, with a particular emphasis on projects that will be shot or post-produced in Ireland. Special preference will be given to projects using Corman’s Irish Intl. Film Studios.

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