VFX & Animation Group Cinesite Secures $215 Million Funding Package
deadline.comCinesite, a leading independent visual effects and animation studio collective, has received a long-term funding package worth $215 million to support continued operations, technological innovation and strategic expansion.
The London-based group said financing — a series of transactions — was led by its longtime bankers NatWest alongside Barclays and Santander.
Its shareholders, including family office Gryphion, supported the overall package of senior and junior debt and equity lines.
The financial commitment “underscores the company’s ambitions and confidence in the entertainment sector,” the company said, and “empowers Cinesite to overcome the challenges posed by recent industry disruption that has affected the entire sector.” Disruption is right.
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