Michael Eisner raising US$800m for production company

Former Disney boss Michael Eisner has reportedly recruited JP Morgan to help him raise US$800 million for a new TV and film production company.

CNBC reports that the fundraising process is underway and that Eisner wants to raise US$400 million of equity and US$400 of debt financing. The resulting company will then produce two or three scripted TV series and four or five movies a year.

Eisner will inject US$20 million of his own cash, the report said. He already helms investment vehicle Tornante, which backs digital production company Vuguru. In turn it has created digital and animated properties including Glen Martin DDS and Prom Queen.