×
You will be redirected back to your article in seconds

AFM: The Exchange Closes Credit Line With Pacific Mercantile (EXCLUSIVE)

In a move that signals future growth, The Exchange has closed a revolving line of credit funded by Pacific Mercantile Bank to be used for future acquisitions.

The self-funded company is celebrating its five-year anniversary at the American Film Market.

The Exchange’s AFM line-up includes the documentary “Gleason,” “King Coba,” “A Street Cat Named Bob,” “Kickboxer: Vengeance,” “Kickboxer: Retaliation,” “Shimmer Lake” and a pair of upcoming films: Stephanie Laing’s “Irreplaceable You” and Justin Chadwick’s historical drama “The Lady and the Panda,” starring Rebecca Ferguson and Chinese star Liu Ye.

“This line of credit with Pacific Mercantile Bank will tremendously increase our acquisitions power and allow us to take the company to the next level with an even stronger line-up at each market,” said Brian O’Shea, CEO of The Exchange.

The Lady and the Panda” centers on Ruth Harkness, the first person to bring a live panda from China to the United States. She was a New York socialite whose wealthy explorer husband died unexpectedly in 1936. She took over his expedition to China, joined forces with a Chinese guide, and traveled into the uncharted Himalayas, where they rescued an orphaned baby panda.

The Exchange first represented a Lacy Chabert romantic comedy “Slightly Single in L.A.” and has worked on “The Spectacular Now,” “Dear White People,” “Bottle Shock,” “Rob the Mob,” “Swelter,” “The Last Five Years” and “Wild Oats.”

O’Shea told Variety that the company, which has about a dozen employees, is aiming to act as a one-stop shop in the independent sector by focusing on the myriad details needed to get films from development to distribution.

“We are all about reports, collections and transparency,” he said. “We’re aiming to do what IM Global and FilmNation have done. You really have to do everything well in this day — development, financing, sales.”

Noted Adrian Ward, entertainment industries division manager at Pacific Mercantile Bank, “We’re excited to continue our long-standing relationship with Brian and his team. The Exchange is a company on the rise and we feel privileged to be supporting them.”

Popular on Variety

More Film

  • Dowdle Brothers

    The Dowdle Brothers Tackle New 'Friday Night Lights' Movie (EXCLUSIVE)

    John Erick and Drew Dowdle, aka the Dowdle brothers, have boarded Universal Pictures’ reimagining of “Friday Night Lights.” Both will do a polish on the script, with John Erick directing and Drew exec producing. Sources tell Variety that the movie is not a sequel to Universal’s 2004 film starring Billy Bob Thornton, nor is it [...]

  • Roman Polanski's Accuser Reached Out to

    Roman Polanski's New Accuser Reached Out to L.A. Prosecutors in Early 2017

    Valentine Monnier, the former actor who recently went public with her accusation that Roman Polanski raped her 44 years ago, sent an anonymous letter to L.A. prosecutors in early 2017 detailing those allegations, sources tell Variety. The Los Angeles County District Attorney’s office has confirmed that it received such a letter in February 2017 and [...]

  • Tomas Davison

    MGM Studios Exec Tomas Davison Dies at 43

    MGM Studios executive Tomas Davison died on Nov. 16 in Miami. He was 43. The cause of his death is still pending. Davison joined the studio over a year ago where he was tapped for the position of senior VP of international television distribution Latin America and U.S. Hispanic. During his time at the studio, [...]

  • Hello Ahma

    SGIFF: Shorts Panorama Highlights Breadth of Singapore Talent

    It didn’t take long for the shorts programme that is part of the Singapore International Film Festival’s Singapore Panorama strand at the National Museum of Singapore on Nov. 27 to sell out. That is because the Singaporean audience is well aware that the best and brightest of filmmaking talent from the country cut their teeth [...]

  • Harriet Tubman Cynthia Erivo

    AMC Theatres Fires Three Employees Over Racial Profiling Incident During 'Harriet' Screening

    AMC Theatres has fired three employees in one of its Louisiana multiplexes after an incident during a screening of “Harriet.” An African American women’s group called the 504 Queens allege that 15 members were racially profiled while watching “Harriet” at AMC’s Clearview Palace 12 in Metairie on Nov. 7. A letter sent from the organization’s [...]

  • Accept the Call

    Eunice Lau Returns to Singapore With Hard-Hitting Documentary ‘Accept The Call’

    New York-based Singaporean filmmaker Eunice Lau is back in her home country for the Asian premiere of her impactful documentary “Accept The Call” at the Singapore International Film Festival. This is the film’s third outing, after premiering at the Human Rights Watch and Woodstock Film festivals. In Woodstock, it received a special mention for best [...]

More From Our Brands

Access exclusive content