2 items from 2013
Philip Anschutz’s Walden Media, which specializes in family movies, is expanding its feature-film activities with the goal of financing a slate of high-end, star-driven commercial projects along with moving into TV and animation.
Anschutz is also revamping the executive suite with David Weil stepping aside as CEO of Anchustz Film Group at the end of the year. Frank Smith, Walden’s longtime general counsel and head of business affairs, will become Walden’s chief operating officer and oversee all aspects of Walden’s operations.
Walden, founded in 2001 by the reclusive financier Anschutz, did not disclose specifics on TV or animation projects.
Walden said it will finance the expansion through a replenishing media fund, backed by Anschutz Film Group, which allows it to not only finance production of feature films, TV series and animated content, but also provide P&A funding and gap financing for select projects.
Walden President and »
- Dave McNary
Longtime general counsel and head of business affairs Frank Smith (pictured) becomes COO of Walden Media, the family producer behind the first three The Chronicles Of Narnia films and the Journey To The Center Of The Earth series.
Walden is supported by a renewable media fund backed by Afg that allows it to finance most third-party features, TV series and animated content as well as invest P&A funding and gap financing in select projects.
The first-look deal with 20th Century Fox remains intact, however Walden is free to partner with any distributors on those projects it co-finances and co-produces with outside partners.
- email@example.com (Jeremy Kay)
2 items from 2013
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