United Artists Entertainment

From WikiCover

The historic United Artists brand was initially founded some eighty-five years ago by movie greats Douglas Fairbanks, Charlie Chaplin, Mary Pickford, and D.W. Griffith and, throughout its history, has appeared on such iconic film franchises as Rocky, The Pink Panther, and James Bond.

United Artists Entertainment LLC was formed in November 2006 under a partnership between Tom Cruise, Paula Wagner, and Metro-Goldwyn-Mayer Studios Inc. (MGM), with Wagner serving as Chief Executive Officer.

On August 16, 2007, United Artists Entertainment LLC announced that it has secured $500 million in financing through Merrill Lynch, one of the world's leading wealth management, capital markets and advisory companies. The arrangement provides the studio with financing for the production of fifteen to eighteen films over the next five years. UA's slate will include a combination of films it develops itself, films that are co-produced or co-financed with other major studios or independent partners, and films that may be acquired through negative pickups or other distribution agreements.