Magazine article Screen International

Bold Lands $35M Facility

Magazine article Screen International

Bold Lands $35M Facility

Article excerpt

Heading into Cannes the word was that Bold Films was about to ramp up operations and so it has proved to be as the hierarchy announced on Thursday [8] a revolving credit line with Comerica Bank.

The $35m deal will allow Bold to produce four to six films a year and covers an extended feature slate that includes The Coup, the previously announced action thriller to star Owen Wilson and Pierce Brosnan.

The first film the Comerica facility will cover is Ryan Gosling's feature directorial debut How To Catch A Monster. Production wrapped recently in Detroit and the film stars Christina Hendricks, Saiorse Ronan, Eva Mendes, Matt Smith and Ben Mendelsohn. Warner Bros handles US distribution.

Next up Bold will finance the Jake Gyllenhaal and Rene Russo thriller Nightcrawler that starts in October.

"As we ramp up our production activity, this facility will maximise the leverage on our equity and the ultimates component will allow us to realise domestic revenues much more quickly, said co-president Gary Michael Walters. …

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