WWE Studios gets a $35 million credit from Bank of America Merrill Lynch

Deadline.com is reporting that WWE Studios has closed a deal for a revolving credit facility worth $35 million with Bank of America Merrill Lynch.

The cash infusion will allow WWE Studios to extend and grow a partnership base that already includes Warner Bros., Lionsgate and 20th Century Fox.

“This new relationship with Bank of America Merrill Lynch gives us the opportunity to be involved in higher profile films and expand talent relationships,” said WWE Studios president Michael Luisi. “Our audience craves larger-than-life stories, and we’re looking forward to using this new facility to bring even more of those stories to the big screen.”

Randy Hua, SVP of Bank of America Merrill Lynch, said that WWE Studios is “an amazing brand with a history of creating content with fascinating characters and storylines.” He said that the new cash injection will enable WWE Studios to build on the momentum from the last several years by producing and acquiring more branded and genre films.

Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!


New ThunderDome setup unveiled on Monday Night Raw

WWE modified its ThunderDome setup for the first time since introducing the concept back in August of last year.The...

Netflix releases trailer for Dave Bautista’s Army of the Dead movie

Streaming giant Netflix today released the trailer for Army of the Dead, a movie directed by Zack Snyder and...

Takeover: Stand & Deliver fallout tonight on NXT on USA Network

NXT begins on its new night of Tuesday tonight on USA Network at 8PM ET, running without head-to-head competition...

Stories you might also likeRELATED
Recommended to you