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Siren, The Solution Complete $50 Million Financing

Funds covering 'Laggies,' 'The Forger'

Siren Studios and The Solution Entertainment Group have completed financing on a multi-year $50 million revolving equity fund for development and production.

The coin is being used for a pair of projects for sale in Cannes — romantic comedy “Laggies,” starring Chloe Moretz and Sam Rockwell with Keira Knightly in talks to come on board; and heist thriller “The Forger,” starring John Travolta.

The funds have been raised by Siren’s Brandon Nutt and Kyle Jackson.

The companies formed a strategic partnership last year that includes physical production, post production services and joint ownership of The Solution’s genre sales label Synchronicity.

“When Lisa Wilson and I launched The Solution in 2012 one of our goals was to be a one-stop finance, production & sales operation,” said Solution topper Myles Nestel.  “The partnership with Siren Studios on this new fund opens the doors still further to those ambitions and our aim to be a 21st century approach to the old studio system.”

Laggies” is produced with Anonymous Content and directed by Lynn Shelton with a June 2 start date in Seattle. Producers are Anonymous’ Steve Golin, Alix Madigan-Yorkin and Rosalie Swedlin alongside The Solution’s Myles Nestel, and Siren’s Craig Chapman and Kyle Jackson.

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The fund is co-financingThe Forger” with Code Entertainment. Shooting is set to start shooting in August.  Code’s Al Corley, Bart Rosenblatt, and Eugene Musso will produce along with Prospect Park’s Rob Carliner.

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