Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

‘Dark Knight’ Co-Producer Legendary Raises $275 Million

April 4 (Bloomberg) -- Legendary Entertainment, co-producer of the “Dark Knight” and “Hangover” movies, raised $275 million in debt and equity financing to fund new projects and reduce existing debt.

The money includes $128 million from current equity holders including Accel Partners, IDG Capital Partners and, investing as a private individual, Gordon Crawford, senior vice president of Capital Research Global Investors, Burbank, California-based Legendary said today in an e-mailed statement.

Legendary is co-financing and co-producing partner with Time Warner Inc.’s Warner Bros. studio for films that include the Batman sequel “The Dark Knight Rises,” scheduled for release in July. The money will be used to retire debt from a 2010 recapitalization, Legendary said.

The debt portion of the financing was arranged by JPMorgan Chase & Co., Bank of America Corp., Royal Bank of Canada and UBS AG, Legendary said.

To contact the reporter on this story: Michael White in Los Angeles at mwhite8@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.