By Ray Pride Pride@moviecitynews.com

Annapurna Adds $350 Million Credit Facility

[PR] – Annapurna, an independent entertainment company with film, television, and interactive verticals as well as an upstart marketing and distribution operation, has completed a $350 million revolving credit facility, it was announced today. The new line of credit will provide a firm financial foundation as the company continues to expand their enterprises and build its production, development, and distribution slates and expand into new mediums.

J.P. Morgan served as administrative agent and sole bookrunner for the facility, as well as co-lead arranger with Comerica Bank. Other parties included City National Bank, First Republic Bank, HSBC, MUFG Union Bank, SunTrust Bank and Wells Fargo.

“We are excited to provide financial support and industry expertise to Annapurna as they continue to build upon their success story,” said David Shaheen, managing director and head of Entertainment Industries for J.P. Morgan’s Corporate Client Banking group. “The enthusiasm shown from the entertainment banking community is a testament to what the company has accomplished.”

“We are grateful for J.P. Morgan and our entire bank group’s confidence in Annapurna.  Their backing, along with that of the many partners who have joined us this year, is validation of the platform Megan and our team have built, and we’re excited to have their support of our continued growth,” said Annapurna CFO, Josh Small.

Since 2012, Annapurna’s films have received thirty-two Academy Award nominations, including three Best Picture nods for AMERICAN HUSTLE, HER, and ZERO DARK THIRTY. Most recently, the company released the critically acclaimed film DETROIT, from filmmaker Kathryn Bigelow, as their first distribution title.

ABOUT ANNAPURNA

Annapurna, founded by Megan Ellison, focuses on creating sophisticated, high-quality content that is critically and commercially conscious while still appealing to a diverse audience. By upholding Ellison’s vision to put filmmakers and artists first and preserve their authentic creative voices no matter the genre or medium, in 5 years, the company has garnered a total of 32 Academy Award nominations for their projects, including ZERO DARK THIRTY, JOY, THE MASTER, FOXCATCHER, and THE GRANDMASTER. Ellison is also one of only four honorees ever to receive two Best Picture nominations in the same year, with HER and AMERICAN HUSTLE, both earning nods in 2014. Currently, Annapurna is in release for Kathryn Bigelow’s DETROIT, its first distribution title, which debuted to strong critical acclaim. Other upcoming releases for 2017 include Angela Robinson’s PROFESSOR MARSTON AND THE WONDER WOMEN. The company is also in production on the film adaptation of Maria Semple’s WHERE’D YOU GO, BERNADETTE, directed by Richard Linklater and starring Cate Blanchett, Billy Crudup, and Kristen Wiig and on Jacques Audiard’s first English-language film, THE SISTERS BROTHERS. Annapurna’s other recent projects include Mike Mills’ 20TH CENTURY WOMEN, which was nominated for two Golden Globes and earned Mills a Best Original Screenplay Academy Award nomination, as well as SAUSAGE PARTY, WIENER-DOG, and EVERYBODY WANTS SOME. Bigelow also directed and partnered with Annapurna on the animated short LAST DAYS, about illegal elephant poaching and the ivory trade

Leave a Reply

Quote Unquotesee all »

“Most of these women were in their early twenties. Most of them refused to go any further with him, but a few went to dinner, or to some sort of casting situation, or to someplace private… if the stories were just about some crazed sex addict who approaches thousands of women on the street trying to get laid, I wouldn’t be posting this now. I don’t want to be attacking every Hollywood douchebag who hits on countless women. That type of behavior isn’t cool, but I think it’s important to separate douchebaggery from any kind of sexual coercion. But the women I talked to who DID go someplace private with Toback, told stories that were worse than the women only accosted on the street… So I did what I could do in my impotent state – for over twenty years now, I’ve been bringing up James Toback every chance I could in groups of people. I couldn’t stop him, but I could warn people about him… I’ve been hoping the Weinstein/O’Reilly stuff would bring this vampire into the light (him and a couple others, frankly). So I was happy today to wake up to this story in the L. A. Times.”
~ James Gunn

“BATTLE OF THE SEXES: Politics and queerness as spectacle/spectacle as politics and queerness. Pretty delightful, lovely, erotic. A-

“Not since EASY A and CABARET have I seen Emma Stone give a real sense of her range. Here, she has pathos and interiority and desire. I love the cinematography and the ways in which the images of the tennis icons are refracted and manipulated via various surfaces/mediators. Also, wild how a haircut is one of the most erotic scenes in cinema this year. Spine tinglingly tactile that feels refreshing. Proof that *cough* you don’t need to be ~graphic/explicit~ to be erotic *cough*. Also, it made me want to get into tennis. Watching it, at least.

“There are interesting touches and intimations as to the cinematic nature of sports, & unpacking the formal approach of broadcasting sports.Also, I was here for Sarah Silverman smoking. And also, hi Mickey Sumner!! It’s a really interesting film about the ways in which public spectacle is never apolitical, and how spectacle is prone to assignation.

“There’s this one other scene from BATTLE OF THE SEXES that I love, and it’s the one in the bar. You see Billie looking after Marilyn as she dances. Through a crowd. There’s a paradoxical closeness and distance between them. In the purple light, and the kitschy decor, everything is distorted. But Billie catches a glance and you can feel the nervous swell inside.”
~ Kyle Turner