Lionsgate taps $200 mil fund for 23 pictures

May 30, 2007 Lionsgate Films, which closed the months-in-gestation financing Friday, is set to announce its fiscal-year financial results today. The funding consortium, dubbed Pride Pictures, includes JPMorgan Securities, Goldman Sachs, Jefferies and a group of private investors who participated in a $35 million private-equity component of the financing. Funds will be used to cover production, acquisition, marketing and distribution costs on select theatrical releases, officials said.

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