Brief: Starlight Culture Entertainment Says Unit Enters Term Sheet To Confirm Terms Of Financing Of Film

Smart Digital Technology

07/06/2018 12:07

June 7 (Reuters) - Starlight Culture Entertainment Group Ltd
 1159.HK :
    * UNIT, FINANCIERS AND MIDWAY ISLAND PRODUCTIONS ENTERED
TERM
SHEET TO CONFIRM TERMS ON FINANCING A MOTION PICTURE
    * UNIT WILL PROVIDE EQUITY FINANCING OF UP TO US$8.8 MILLION
TO
CO-FINANCE FILM
    * UNIT SHALL BE ENTITLED TO RECEIVE 40% OF REVENUES
THROUGHOUT
WORLD DISTRIBUTABLE TO FINANCIERS

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 ((Reuters.Briefs@thomsonreuters.com;))