The amount of the deal was not disclosed.
The company will use the funds to continue to invest in content directly with other artists. In addition to television and film production, Imagine will continue to expand into new areas such as branded content, location based entertainment and digital formats, and expects to explore both organic growth opportunities as well as potential acquisitions.
Founded in 1986 by Ron Howard and Brian Grazer, Imagine Entertainment creates independently produced feature films, television programs and other original programming.
Past productions include A Beautiful Mind as well as 8 Mile, Apollo 13, American Gangster, The Da Vinci Code, Liar, Liar, Backdraft, and Parenthood to name a few. Upcoming films include Inferno, American Made, Lowriders and The Dark Tower. Current television productions include Fox’s Empire and Shot’s Fired and NatGeo’s Breakthrough and Mars. Television productions include NBC’s Parenthood, NBC’s Friday Night Lights, Fox’s 24 and 24: Live Another Day, Fox’s and Netflix’s Arrested Development, PBS’s Curious George, as well as HBO’s From the Earth to the Moon.