Image Lands New Revolving Credit Line23 Jun, 2011 By: Erik Gruenwedel
Image Entertainment June 23 said it secured a three-year, $17.5 million line of credit with PNC Bank.
Chatsworth, Calif.-based Image said it would use the funds to continue expansion of its physical, digital and video-on-demand platforms in home entertainment.
“We will continue to focus on maximizing the additional ancillary markets beyond DVD for our titles while continuing to aggressively explore acquisition opportunities,” CEO Ted Green said in a statement. “This credit line allows us flexibility to help meet our goals.”