Ketchup Entertainment has secured a $100 million P&A financial facility with Capstone Point Holdings to raise its game with theatrical releases.
The upstart indie distributor attracted attention when it acquired from Warner Bros. Pictures the worldwide rights to Coyote vs. Acme, the live action/animation film canceled by the studio for a tax write-off, and the Looney Tunes animation film The Day The Earth Blew Up as part of a wider purge by studio head David Zaslav.
With deals to bring iconic Looney Tunes characters to the big screen following high-profile acquisition deals with Warner Bros. Discovery, Ketchup is signaling with its new P&A credit line that it is looking at still bigger titles to release as a more amibitious theatrical distributor.
“This is about scale and execution. We’ve built a model that works. Now we’re scaling it properly. With this…
