Echo Bridge, JPMorgan in financial agreement

MUMBAI: Echo Bridge, an independent film distribution company that owns or controls a library of over 3,500 titles, announced a new financing arrangement with JPMorgan Securities that will drive the company’s aggressive acquisitions strategy for 2008 and beyond. The same was announced by Echo Bridge chairman, president and CEO Michael Rosenblatt.

“Our new agreement with JPMorgan provides significant buying power for acquisitions, ranging from individual shows and movies to large libraries and companies,” said Echo Bridge CFO Tom Hammond. “We will acquire for both domestic and international distribution including all new media channels,” he said.

“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 JPMorgan Securities vice president Jason Somerville. “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.