FilmNation_Entertainment

FilmNation Entertainment

FilmNation Entertainment

American film production company

FilmNation Entertainment, LLC is an American independent film production and film distribution studio, co-financing and international sales company, founded by film executive Glen Basner in 2008.

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History

2008–2012: Founding

FilmNation Entertainment is an independent film production and distribution company founded in 2008 by Glen Basner with funding from real estate developer Steven Samuels. Initially, the company was a foreign sales firm, selling distribution right in various international markets.[1]

2012–2018: Early growth

In 2012, FilmNation produced its first film, Mud, which competed at the Cannes Film Festival.[2] On November 6, 2013, FilmNation Entertainment became part of the American Film Market for the first time.[3] In December 2014, Village Roadshow invested $18 million for 33% stake in the company to make film production a regular part of operations.[1] With growing success, the Los Angeles Times labeled FilmNation as "the emerging Oscar powerhouse you've never heard of."[1]

2018–present: Expansion

In April 2018, FilmNation agreed to a $120 million revolving multi-bank credit facility with Bank of America Merrill Lynch and co-led by MUFG Union Bank.[4] The funds would be used to give films larger budgets, take on additional films and enter the TV film, theater, digital and VR content markets plus other strategic investment areas.[5]

In early 2019, FilmNation and Nordic Entertainment Group formed a television joint venture based in the United Kingdom that will operate under the FilmNation name.[6] Nordic Entertainment Group will have first option on exclusive distribution rights to all of the joint venture's productions in the Nordic countries.[6] FilmNation hired TV vet Kirstie Macdonald to spearhead the London division.[7]

Filmography

As production company

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Upcoming
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As distributor

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Upcoming
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In development

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References

  1. [1]
    Zeitchik, Steven (February 23, 2017). "FilmNation, the emerging Oscar powerhouse you've never heard of". Los Angeles Times. Retrieved October 4, 2018.
  2. [2]
    McClintock, Pamela (2012-05-18). "Cannes 2012: FilmNation CEO Glen Basner on 'Lawless,' 'Mud' and His Secret to Success (Q&A)". The Hollywood Reporter. Retrieved 2021-05-07.
  3. [3]
    McNary, Dave (November 7, 2013). "AFM: Woody Allen, Bill Condon Pics on FilmNation's Block". Variety. Retrieved October 4, 2018.
  4. [4]
    McNary, Dave (2018-04-18). "Cannes: FilmNation Closes $120 Million Revolving Credit Facility". Variety. Retrieved 2021-05-07.
  5. [5]
    Hipes, Patrick (April 18, 2018). "FilmNation Closes Deal On $120M In New Financing". Deadline. Retrieved October 4, 2018.
  6. [6]
    "FilmNation, NENT Launch UK-Based TV Joint Venture". filmnation.com. Retrieved 25 March 2019.
  7. [7]
    Grater, Tom (2019-09-25). "FilmNation, Nordic Entertainment Group Hire Kirstie Macdonald To Run London TV Venture". Deadline. Retrieved 2021-05-07.
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