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Echo Bridge Entertainment and JPMorgan Enter New Financing Arrangement to Promote Aggressive Acquisitions Strategy
Published: 01/07/08 02:13 PM EST

NEEDHAM, Mass. and LOS ANGELES, Jan. 7 /PRNewswire/ -- Michael Rosenblatt, Chairman, President and CEO of Echo Bridge Entertainment, today announced a new financing arrangement with JPMorgan Securities that will drive the company's aggressive acquisitions strategy for 2008 and beyond. Founded in 2003, Echo Bridge is a leading independent film distribution company that owns or controls a library of over 3,500 titles.

"Our new agreement with JPMorgan provides significant buying power for acquisitions, ranging from individual shows and movies to large libraries and companies," said Tom Hammond, Echo Bridge CFO. "We will acquire for both domestic and international distribution including all new media channels." In 2005, Echo Bridge bolstered its distribution infrastructure and library with its acquisition of Platinum Disc Corporation (now Echo Bridge Home Entertainment), delivering direct-to-store DVD distribution capability.

"In a tremendously competitive environment, Michael and his team at Echo Bridge have built an impressive independent distribution company through their expert understanding of the marketplace and their top-quality distribution infrastructure," said Jason Somerville, Vice President at JPMorgan Securities. "We're very pleased about our affiliation and look forward to a successful financial partnership."

Echo Bridge Entertainment's comprehensive catalog includes over 3500 titles including: My Life in Ruins, from producers Tom Hanks and Gary Goetzman; The Derby Stallion, the NAPPA and Dove Award-winning family film starring Zac Efron (Hairspray, High School Musical 1 & II); Beer League, featuring The Howard Stern Show funnyman Artie Lange; and The Big White, a black comedy starring Robin Williams, Holly Hunter, and Woody Harrelson.

About Echo Bridge Entertainment

Echo Bridge Entertainment is a leading independent film distribution company that acquires content for sale and distribution throughout the world to theaters, television networks and stations, home entertainment, cable, VOD, Internet and all future electronic distribution outlets. For more information, please visit: http://www.echobridgeentertainment.com.

Source: Echo Bridge Entertainment


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