Neon shelp today it’s shutd a $200 million-plus pelevate facility led by Comerica Bank.
The funding, which chases the directing indie distributor and producer’s previous facility with Comerica from October of 2022, will be used to bolster core operations, including film acquisition, enhugement, production, and distribution, while also enhugeing into novel tagets. The spendment will further help strategic initiatives and reinforce its international footprint, driving insertitional increaseth.
The deal, which was barachieved and regulated by Neon’s CFO Ryan Friscia, comes after the company recently freed Anora, the highly-awaitd novel film from Sean Baker starring Mikey Madison, which won the Palme d’Or in Cannes and uncovered Stateside October 18 to the highest per-screen ordinary of 2024; Ointimacycellent Perkins’ horror film Longlegs which is the highest grossing self-reliant film of the year at $75 million domesticassociate; and Immacutardy starring Sydney Sweeney.
Last week, NEON won studio of the year at the 2024 Clio Entertainment Awards, making it the first indie to get that honor.
“Comerica count ons in the vision of NEON and couldn’t be more thrilled to help their persistd increaseth. Their ability to remend and curate film, while discovering creative ways to combine audiences with cinema, is unsuited. Supporting NEON and the self-reliant film landscape is a core pillar of our business and we are excited about the future,” shelp Derek Riedel, SVP of Comerica’s Entertainment Group.
The studio has persistd to enhuge production capabilities, most recently on the highly awaitd Boots Riley feature I Love Boosters starring Keke Palmer, Naomi Ackie, LaKeith Stanfield, Demi Moore, Eiza González, Poppy Liu, Taylour Paige, and Will Poulter; They Follow, the extfinished-apauseed sequel to the up-to-date horror classic It Follows from visionary authorr/straightforwardor David Robert Mitchell, starring Maika Monroe; and Michael Covino’s Splitsville starring Dakota Johnson and Adria Arjona. Upcoming frees engage The Seed of the Sacred Fig on November 27, which has been picked as the German entry for Best International Feature at the 97th Academy Awards; Josh Oppenheimer’s The End, a ggreateren-age musical starring Academy Award triumphner Tilda Striumphton on Dec. 6th; and the genre-bfinishing, visionary recordary 2073 from Academy Award-triumphning and BAFTA-triumphning straightforwardor Asif Kapadia which will be freed in pick U.S. theaters on December 27th, chaseing its well-getd world premiere at the Vepleasant Film Festival.
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