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Lions Gate Raises as Much as $200 Million in Funding

In a regulatory filing, Lions Gate Entertainment said it secured a new financing agreement with JP Morgan, Chase & Co., Wachovia Corp. and Union Bank, The Los Angeles Times reports.

In a regulatory filing, Lions Gate Entertainment said it secured a new financing agreement with JP Morgan, Chase & Co., Wachovia Corp. and Union Bank, The Los Angeles Times reports.

The deal, which will span 3 1/2 years, will see Lions Gate received at least $100 million from the lenders, but that could rise as high as $200 million. The studio plans to make 11 films this year and expects to make 14 films in 2010.

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