Film and TV producer and distributor Content Media has renewed and extended a key line of bank credit.
The US$40 million facility with JP Morgan and others has been renewed for three more years. It was initially agreed in 2004, since when it has been renewed four times.
The Company operates three divisions: Content Film, Content Television and Content Digital. Its TV division has a library of 3,800 hours.
John Schmidt (pictured), CEO of Content said: “These are exciting times for Content as we build out our worldwide business with revenues having grown from around $30m to $70m over the last two years. We are looking forward to further growth over the coming years supported by our partners in the loan facility.”