Sony Pictures Entertainment is finalizing a new co-financing deal with Blue Anchor Entertainment, a venture from showbiz lawyer John LaViolette and "Doctor Dolittle" producer Joseph Singer, according to people with knowledge of the matter.
The three-year equity financing arrangement would provide Sony Pictures with $300 million to $350 million, executives close to the talks who were not authorized to comment publicly said. The arrangement could also include a credit facility.
Sony Pictures, a unit of Tokyo-based Sony Corp., declined to comment. LaViolette, a partner at entertainment business law firm Bloom Hergott Diemer Rosenthal LaViolette Feldman Schenkman & Goodman, did not immediately return a request seeking comment.
Sony Pictures previously had a financing deal with Relativity Media; the arrangement, which provided the studio with more than $500 million, expired in 2011.