Film Production Fund Started: Japan’s Nissho Iwai...
From Times Staff and Wire Reports
Film Production Fund Started: Japan’s Nissho Iwai Corp. announced that it has developed a $150-million motion picture investment fund in conjunction with Mount Film Group of Los Angeles. The fund, which will be used to finance six movies, consists of $40 million in preferred equity investment, $70 million in bank loans and a $40-million revolving credit line for prints and advertising. The Mount Film Group also has backing from Japan’s Media International Corp.
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