Tuesday, February 3, 2009

Spielberg Closes In On Debt Financing

Steven Spielberg

The director lead bank, JPMorgan Chase, has received a commitment for approximately $ 150 million - nearly half the $ 325 million loan that Spielberg hopes to have in place by the end of March. Then Spielberg financial partner, the India Reliance Entertainment, start forking over its share capital corresponding to the director and his top movie executive, Stacey Snider, can start making films.

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