Broadcast News

Bookmark and Share
19/12/2019

Cinesite Secures Investment To Enable The Group To Execute Its Strategy

News Image
Cinesite has secured investment from Gryphion Capital Investments along with new banking facilities from Barclays and NatWest which amount to US$112m.

Working together Barclays and NatWest will initially provide Cinesite with up to US$52 million for general funding and revolving credit facilities. The independent studio group has a further US$20m in future flexible facilities to deal with acquisition or expansion. In parallel, Gryphion Capital Investments has taken a minority equity position in the company which will further support Cinesite’s strategy for growth.

Headquartered in London, the Cinesite Group operates world class facilities in Berlin, Montreal, Munich & Vancouver. Collectively, it has recently delivered MGM's box office smash The Addams Family, Paramount Pictures' Award-winning Rocketman, Marvel Studios’ record-breaking Avengers: Endgame, Captain Marvel & Spider-Man: Far From Home. The group continues to be a key partner to high end TV and steaming productions, achieving an Emmy for Outstanding Special Visual Effects for the final season of Game of Thrones and delivering high quality fantasy VFX for the soon to be released Netflix series The Witcher.

The business has increased gross revenue by tenfold since 2014 through expanding its creative talent base, building out facilities and acquiring strategic business in key locations while delivering high quality solutions for its customers. As a result, the Cinesite group's creative and technical talent is well placed to meet increasing customer demands for both high-end VFX and animated family entertainment. This demand is partially driven by Netflix, Disney+, Apple and Amazons’ need to offer unique content to win new subscribers as well as the established studios who are also competing for audience dollars. The financing package will help the Cinesite group to facilitate new partnerships and collaborations with leading studios and filmmakers and secure its ability to continue to win market share.
Solidmate Ltd Memory Card Hire London

Top Related Stories
Click here for the latest broadcast news stories.

21/02/2020
Studio Technologies Announces New Multichannel Monitoring System
Studio Technologies is set to unveil its new StudioComm Dante Audio-over-IP-enabled multichannel monitoring system, the Model 792 Central Controller a
05/10/2017
Production News : ITV Announces New Consumer Series
ITV has announced details of a new three-part series, How To Spend It Well At Christmas (W/T). The consumer series will be hosted by Phillip Schofield
03/10/2017
Artel Video Systems To Showcase New Products at SMPTE Conference & Exhibition
Artel will showcase three IP-centric platforms specifically designed to address customers' growing requirements as they migrate from direct fiber to a
27/09/2017
Production News : Film4 And C4 Nations & Regions Support New Talent Programme
Independent Scottish film producer Chris Young, has announced plans for a new talent development programme on Skye in May 2018. Young shared his plans
26/09/2017
Northern Ireland Welcomes New Production
Filming is to commence in Northern Ireland this month on a new dramatization for BBC One entitled Dave Allen At Peace. The project, in which Northern
26/09/2017
SmallHD Unveil Introduce New Reference Monitor
SmallHD has introduced its brightest reference grade monitor to date – the 1703-P3X. Double the brightness of other 17" reference monitors, the 1703-P
25/09/2017
SIS LIVE, ABS Launch New Platform
SIS LIVE and ABS have announced a new dedicated solution for OU services. The SIS LIVE Gateway Service solution for ABS Occasional Use services was an
25/09/2017
Bexel Launches New Sideline Audio/Video Cart
Bexel has launched its new Sideline Audio/Video Cart, a plug-and-play solution for streamlining the acquisition of field audio and video feeds in stad
25/09/2017
Artel Video Systems Heads To NAB New York
Artel Video Systems has announced that it is to exhibit at the 2017 NAB Show New York next month, demonstrating an end-to-end hybrid IP- and fiber-bas
22/09/2017
NUGEN Audio Previews New AMB Dolby Module
At the recent IBC Show 2017, NUGEN Audio showcased a beta version of its AMB Dolby Module. AMB is designed to improve workflow efficiency for a range
22/09/2017
BES Demonstrate New Intelligent MDU
Introducing network connectivity to the range of Mains Distribution Units, BES has developed a new intelligent unit for secure remote monitoring and c
20/09/2017
Production News : All 4 Commissions New Observational Documentary
All 4 has commissioned a new observatioinal documentary series called Prison Ink (w/t). Hosted by Tattoo Fixers' tattoo artist Sketch, the 8x11 series
04/03/2020
Hitachi Kokusai To Debut New Featres To Its CU-HD550 CCU At NAB 2020
Hitachi Kokusai Electric America, Ltd. (Hitachi Kokusai) will debut powerful new features in its recently-introduced CU-HD550 camera control unit (CCU
03/03/2020
Production News : Sky And Disney Announce New Multi-Year Deal
Sky and Disney have announced a new multi-year deal, making Disney+ available for purchase in the UK and Ireland on Sky Q, to be followed by NOW TV in
03/03/2020
Riedel Supplies Signal Transport For New Year's Eve Hogmanay
Riedel Communications has supplied a comprehensive signal transport and communications backbone for the spectacular New Year's Eve Hogmanay celebratio