LA-based producer and distributor Electric Entertainment has signed a $100 million financing deal with Bank of America to expand its production footprint.
The five-year loan agreement was initially for Amazon Freevee Leverage: Redemption When like paradise When arc for Syfy.
Led by veteran producer Dean Devlin with partners Marc Roskin and Rachel Olschan-Wilson, Electric Entertainment also has an acquisitions and sales division, with Steve Saltman leading domestic sales and Sonia Mehandjiyska leading international.
Electric is now ending production for its second season Leverage: Redemptionin the meantime like paradiseOriginally airing on WGNA, Freevee has been greenlit for a second season and is currently in production.New electric series archas just been wrapped and will be broadcast as a Syfy original.
“Bank of America is pleased to be working closely with Dean and the Electric Entertainment management team to support their future growth plans,” said Bank of America’s Entertainment Industry Group. author Randy Hua said. “Electric has a strong pipeline of creative broadcast and streaming projects that will allow us to continue expanding our reach through diverse channels.”