Echo Bridge Gets Financing From JPMorgan7 Jan, 2008 By: Thomas K. Arnold
Independent film and DVD distribution company Echo Bridge Entertainment has secured a new financing arrangement with JPMorgan Securities to fund its aggressive acquisitions strategy for 2008 and beyond.
“Our new agreement with JPMorgan provides significant buying power for acquisitions, ranging from individual shows and movies to large libraries and companies,” said Tom Hammond, Echo Bridge's CFO. “We will acquire for both domestic and international distribution, including all new media channels.”
Echo Bridge was founded in 2003 and two years later bolstered its distribution infrastructure and library with the acquisition of Platinum Disc Corp. (now Echo Bridge Home Entertainment), delivering direct-to-store DVD distribution capability.
The company currently owns or controls a library of more than 3,500 titles. Highlights include My Life in Ruins, from producers Tom Hanks and Gary Goetzman; The Derby Stallion, an award-winning family film starring Zac Efron; and The Big White, a black comedy starring Robin Williams, Holly Hunter, and Woody Harrelson.