Paul Korda . com - The Web Home of Paul Korda, singer, musician & song-writer.

International Entertainment News

Wednesday, October 07, 2009

C22 Capital Makes a Great Catch

C22 Capital Makes a Great Catch

BEVERLY HILLS, Calif., Oct. 7 /PRNewswire/ -- C22 Capital, Inc., a niche provider of bridge loans, announced today that they have partnered with Catch 22 Entertainment LLC, a film distribution company with foreign and domestic reach.

"This strategic partnership originated from our core business, providing bridge loans to the entertainment sector," stated Anthony Millan, CEO of C22 Capital. "We were finding ourselves in a very strong position as we would negotiate the terms of our bridge loans for numerous projects, so we were able to leverage that by obtaining domestic and foreign distribution rights as part of our requirements on certain deals. This led to the partnership with Catch 22 Entertainment."

"With a 25% equity stake in Catch 22 Entertainment, C22 Capital has created an opportunity to expand our programs and further secure our position on the bridge loans that we provide," said Millan.

Typically, C22 Capital utilizes their funds to back offers on behalf of producers, so they are able to secure talent for their projects contractually, which then enables them to obtain studio or institutional production funding. These short-term bridge loans are generally for a period of 90-180 days.

Additional forms of bridge loans that are considered advancing funds for include soft money and tax credits, acquisitions of film libraries with distribution guarantees securing the bridge loans, and pre-production costs during a bank or investor closing.

C22 Capital reviews lending opportunities in several sectors, including entertainment, real estate and venture finance; however, the company has the most experience with bridge loans in the entertainment industry.

   For more information, visit http://www.c22capital.com/     Contact:    Anthony Millan   1-800-760-9471    

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/.

First Call Analyst:
FCMN Contact:

Source: C22 Capital, Inc.

CONTACT: Anthony Millan of C22 Capital, Inc., +1-800-760-9471

Web Site: http://www.c22capital.com/


Profile: International Entertainment

0 Comments:

Post a Comment

<< Home