Month: May 2023

45 posts
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Cinedigm and The Conjuring creator Join Forces to Develop “The Haunted”

Cinedigm announced today that the Company will be partnering with horror heavyweight Tony DeRosa-Grund, creator of The Conjuring (over $2 billion in box office to date), to develop The Haunted, a new paranormal horror franchise based on verifiable actual events. While the story details are being kept under wraps, Cinedigm can confirm that The Haunted franchise starts with one family's dark and terrifying real-life preternatural experiences which intersect with historical facts and legends surrounding a young pregnant woman accused by her own father of being a witch. That convergence places the family in impending mortal danger.
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VICE Media Group Enters Into Purchase Agreement with Lender Consortium

VICE Media Group today announced that it has agreed to the terms of an asset purchase agreement ("APA") with a consortium of its lenders (the "Lender Consortium"), pursuant to which the Lender Consortium has agreed to purchase the Company, subject to higher and better bids from other parties and to the terms of the APA. The Lender Consortium includes Fortress Investment Group, Soros Fund Management and Monroe Capital, and has agreed to provide total purchase consideration of approximately $225 million in the form of a credit bid for substantially all of the Company's assets, in addition to the assumption of significant liabilities upon closing.