Neon has closed a revolving credit facility with Comerica Bank as the company behind the last three Palme d’Or winners looks to expand its core business and production roster.
Ruben Ostlund’s Palme d’Or winner and recent TIFF selection Triangle Of Sadness opened well in limited release in the US over the weekend, earning $214,602 on 10 screens. Neon also distributed the two previous top Cannes prize-winners Titane and multiple Oscar winner Parasite.
Recent releases include Brett Morgan’s David Bowie documentary Moonage Daydream, Cannes selection Crimes Of The Future from David Cronenberg, and Sara Dosa’s Sundance premiere Fire Of Love in association with National Geographic.
The company recently picked up Laura Poitras’ documentary and Venice Golden Lion winner All The Beauty And The Bloodshed, as well as TIFF Platform entry and heist thriller How To Blow Up A Pipeline. The slate includes Kore-eda’s Broker starring Cannes best actor winner Song Kang Ho.
In development and production are: Asif Kapadia’s documentary 2073; the narrative remake of The Painter And The Thief narrative remake; Brandon Cronenberg’s Infinity Pool starring Alexander Skarsgaard; Joshua Oppenheimer’s Golden Age musical The End starring Tilda Swinton; documentary Seeking Mavis Beacon from director Jazmin Jones; Cassandra At The Wedding based on the Dorothy Baker novel; Kitty Green’s The Royal Hotel with Julia Garner; and Tilman Singer’s Cuckoo.
Comerica Bank entertainment group SVP Derek Riedel said the bank was “ecstatic” to establish a relationship with Tom Quinn’s company. Ryan Friscia and Jessica Nickelsberg negotiated the deal on behalf of Neon with Riedel and Comerica’s David Shaver. Neon is represented by Sidley Austin LLP and Comerica Bank by Babok & Robinson LLP.
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