Colin Cotter and financial services company Citi are forming a full-service film production and finance company called Continental Entertainment Group (CEG).
CEG will consist of two units, Continental Pictures, a global sales company, and Continental Entertainment Capital (CEC), which will provide film distributors, producers and developers with a full suite of financial services.
Cotter co-founded Initial Entertainment Group with Graham King in 1994. While remaining a partner in IEG, he will serve as president and CEO of Continental Pictures and its parent, CEG. Cotter, who will be based in Los Angeles, plans to acquire the rights to 10-12 films during Continental Pictures' first year of operation.
Benjamin Waisbren, who was managing director at Stark Investments, will head CEC as president and CEO out of New York. D. Jeffrey Andrick, previously of Comerica, has joined CEC as managing director and will run its Los Angeles office.
CEC will offer a wide range of financial products, including equity, structured finance, gap loans, mezzanine financing, P&A funding and debt-replacement loans.
CEG will consist of two units, Continental Pictures, a global sales company, and Continental Entertainment Capital (CEC), which will provide film distributors, producers and developers with a full suite of financial services.
Cotter co-founded Initial Entertainment Group with Graham King in 1994. While remaining a partner in IEG, he will serve as president and CEO of Continental Pictures and its parent, CEG. Cotter, who will be based in Los Angeles, plans to acquire the rights to 10-12 films during Continental Pictures' first year of operation.
Benjamin Waisbren, who was managing director at Stark Investments, will head CEC as president and CEO out of New York. D. Jeffrey Andrick, previously of Comerica, has joined CEC as managing director and will run its Los Angeles office.
CEC will offer a wide range of financial products, including equity, structured finance, gap loans, mezzanine financing, P&A funding and debt-replacement loans.
- 4/19/2007
- The Hollywood Reporter - Movie News
Ending a two-year liaison, Initial Entertainment Group and Intermedia are parting ways. Initial partners Graham King and Colin Cotter are buying back 100% of Initial through an investment vehicle, Parliament Pictures. The deal, according to Intermedia boss Moritz Borman, will have a long-term positive impact of at least 32 million ($39.6 million) for Intermedia. In a conference call Thursday, both parties stressed that the buyout came about because of changes in market conditions, saying the split was amicable. "We are just separating companies," Borman said. "When we did the Initial deal, it was great to have two labels. But that was then and this is now. At that time Graham was mainly selling and was just moving into production. Now we are both producing two of the biggest indie films on the market (Intermedia's Alexander and Initial's The Aviator). Initial is not just a foreign sales company anymore. And we have meanwhile done our deal with Summit (to handle international sales)."...
- 3/19/2004
- The Hollywood Reporter - Movie News
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