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Electrical Leisure Secures $100M Mortgage to Bolster Movie and TV Slate

Electrical Leisure Secures $100M Mortgage to Bolster Movie and TV Slate

Electric Entertainment, the manufacturing firm behind programming corresponding to Leverage: Redemption and Virtually Paradise on Amazon’s Freevee, stated Thursday that it closed a $100 million mortgage credit score facility with the Financial institution of America.

The corporate will first use the five-year financing on its slate of programming, which additionally contains The Ark on the SYFY Channel. Leverage: Redemption is a spin-off of Leverage, considered one of Freevee’s first originals, and is at present in manufacturing on its second season, whereas Virtually Paradise first premiered on WGNA and is now making ready for a second season on Freevee. 

“With the arrival and continuation of the streaming trade’s progress, we’ve been fortunate to proceed to do what we do greatest — create authentic scripted applications that audiences love.  With not solely our broadcast, however now our streaming channel and platform companions, our content material is in larger demand as our distribution growth has turn into far-reaching,” stated Dean Devlin, CEO of Electrical Leisure.

Devlin heads the impartial studio, alongside companions Marc Roskin and Rachel Olschan-Wilson. Previous collection on the Los Angeles-based firm embody The Librarians and Leverage on TNT and The Outpost on the CW. Function movies have included Unhealthy Samaritan, starring David Tennant and Robert Sheehan and Say My Identify, starring Lisa Brenner and Nick Blood. 

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