NEW YORK -
JPMorgan Chase & Co. said Monday it will invest $200 million in film and entertainment projects to add to its entertainment advisory and banking operations.
The New York-based national bank said it will use subordinated debt for investments such as film and television financings, acquisitions and print and digital media start-ups.
JPMorgan Chase said it has provided financing for the entertainment industry since the 1920s. It has placed more emphasis on the sector recently, hiring former Sony Pictures Entertainment executives Alan J. Levine and Ken Lemberger to head its new JPMorgan Entertainment Advisors division.
1 comment:
It has placed more emphasis on the sector recently, hiring former Sony Pictures Entertainment executives Alan J. Levine and Ken.
Post a Comment