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Financing

Tom Cruise Film 'Lions for Lambs' Could Hurt MGM Financing

Authored by Scott Goldberg on November 2, 2007 - 5:04am.
Might Tom Cruise hurt MGM's Financing Efforts?Negative reactions to Tom Cruise’s Lions for Lambs, directed by Robert Redford and co-starring Meryl Streep, could have a negative impact on Metro-Goldwyn-Mayer’s attempts to raise funds for film productions, The New York Post reports.  MGM had hired Goldman Sachs to assist in raising between $500 million and $1 billion prior to this summer’s credit market crash, and though still tight, the investment bank continues pursuing funds.
tags: Deals | Movies | MGM | Film | Financing | Box Office | Goldman Sachs |

European Online Social Network Passado.com Raises $13.2 Million

Authored by Mark Hefflinger on December 12, 2006 - 1:29pm.
London -- European social networking site Passado.com announced on Tuesday that it has raised $13.2 million in financing. Tudor Investment led the investment round, which also included participation from DFJ ePlanet Ventures.
tags: Deals | Investing | Financing | Passado.com | Tudor Investments |

Online Game Developer Red 5 Studios Raises $18.5 Million

Authored by Mark Hefflinger on December 12, 2006 - 1:20pm.
Aliso Viejo, Calif.-- Independent game developer Red 5 Studios announced on Tuesday that it has raised $18.5 million in its first round of venture capital financing. Benchmark Capital and Sierra Ventures co-led the investment in Red 5, which was formed in September 2005 by members of the team that created Blizzard Entertainment's "World of Warcraft."
tags: Games | Deals | VC | Webzen | Benchmark Capital | Red 5 Studios | Sierra Ventures | Financing |

Phantom Secures Financing to Manufacture Gaming Accessories

Authored by Mark Hefflinger on December 11, 2006 - 4:15pm.
Seattle - Phantom Entertainment, a developer of video game accessories, announced on Monday that it has obtained an undisclosed sum in financing from Chicago Venture Partners managing partner John Fife, which will be used to help fund manufacturing and marketing of its Phantom Wireless Lapboard and Wireless Laser Mouse. Seattle-based Phantom is already selling the products and has a deal to bundle them with Alienware's PC Media Center.
tags: Games | Alienware | Financing | Phantom Entertainment | Chicago Venture Partners | John Fife |

Canada Launches $2 Million Competition for Game Developers

Authored by Mark Hefflinger on November 16, 2006 - 4:24am.
Toronto - The Canadian government has announced the launch of a video game development competition that will award a total of $2 million in financing to start-up studios.
tags: Games | Deals | Tech | Canada | Contest | Government | Financing |

InterSearch Raises $7 Million in Debt Financing

Authored by Mark Hefflinger on July 24, 2006 - 6:19pm.
San Francisco - InterSearch Group, a San Francisco-based provider of Internet search services and operator of industry-specific destination portals, said on Monday that it has raised $7 million in debt financing.
tags: Deals | Internet | Internet Deals | Investing | Debt Deals | Search | Financing | InterSearch |

RSS-Based News Search Engine Feedster Receives Financing

Authored by Mark Hefflinger on December 10, 2004 - 3:11am.
San Francisco -- Feedster, a news search engine that delivers results from over 1 million RSS and weblog syndicated sources, announced that it received an undisclosed amount of funding from Omidyar Network, a venture capital firm created by eBay founder Pierre Omidyar. The company has also received funding from members of the New York Angels. Feedster culls its results from 50,000 professional news sources, including The New York Times, BBC and CNET, in addition to hundreds of thousands of independently-produced news websites, and sorts the results by source type. The company recently teamed with WashingtonPost.com to facilitate the selection of nominees for that site's "The Best Blogs -- Politics & Elections 2004 Readers' Choice Awards." "We recognize that Feedster is fulfilling a need in the marketplace by delivering more relevant information from individual commentary, blogs, and edited news sources," said Doug Solomon, vice president of investments for Omidyar Network. "By leveling the playing field between consumers, web services developers, traditional media publishers and organizations, Feedster enables the public to create a richer, more diverse and connected exchange of information."
tags: RSS | Search Engine | Feedster | Financing |

XM Satellite Radio Closes on $475 Million Financing Package

Authored by Mark Hefflinger on January 30, 2003 - 4:26am.
Washington, DC -- Days after completing a tender offer for its existing notes, DC-based XM Satellite Radio, the operator of a nationwide subscription satellite radio service, said that it has closed on its previously announced $475 million funding package from General Motors and a group of investors. The package consists of $225 million in new funds from investors and $250 million in payment deferrals and related credit facilities. Calling the deal "a critical milestone in XM's road to becoming a major entertainment company," Hugh Panero, XM president and CEO, said that the company is now on track to reach cashflow breakeven in 2004.
tags: Satellite Radio | XM | Financing | Package |

XM Satellite Radio Gets $25 Million In New Financing

Authored by Mark Hefflinger on January 17, 2003 - 6:24am.
Washington, D.C. -- XM Satellite Radio, operator of a nationwide, satellite-delivered digital radio service, announced on Friday that it has raised $25 million in new financing, led by Everest Capital Limited. The new funds are in addition to the company's recently announced $450 million financing package, which consisted of $200 million in new funds from strategic and financial investors and $250 million in payment deferrals and related credit facilities from General Motors, which this week said it would offer XM satellite radio receivers in about three-quarters of its car models.
tags: Satellite Radio | XM | Financing |