Castle Rock Entertainment, which was co-founded by Oscar-nominated filmmaker Rob Reiner, is relaunching its feature division with a $175M film fund under which the studio will develop, produce and finance quality movies for global audiences.Reiner will continue on as Castle Rock CEO, with Michele Reiner and Matthew George serving as Co-Presidents.
Castle Rock’s film fund is backed by equity investors and top-tier entertainment banks. David Oliver of CIT Bank, N.A, which will act as administrative agent, structured the senior debt facility with Daisy Stall of California Bank &Trust.
Castle Rock will have a first-look deal at Warner Bros. on theatrical content, which has long been its home, in addition to their existing deal with Castle Rock
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