Keshet Int’l Invades Canada With Mark Rubenstein
Keshet International is moving into Canada via a joint venture with veteran TV executive Mark Rubinstein. Keshet Canada will bring Keshet’s scripted and unscripted formats to the Canadian market and will look to develop, produce and co-produce original content. Rubinstein is a former president and CEO of Insight Sports and COO of Alliance Atlantis Broadcasting. The venture will have the rights to over 50 Keshet International properties, to be produced in the territory under the Keshet Canada banner. Keshet, the company behind Prisoners Of War, the Israeli source of Homeland, has recently set up shop in Australia and the UK.
Bona Film Group Gets $34.2M Credit Line
China’s Bona Film Group, which part-owned by News Corp., has secured a $34.2M revolving credit line with China Minsheng Banking Corp. The facility will be for three years and will be used to help grow exhibition, production and distribution. News Corp. acquired a 19.9% equity stake in the Nasdaq-listed Bona in May 2012, and in October Fox International Productions and Bona entered a multi-picture co-producing pact for Chinese-language films. Bona this year released Wong Kar-wai’s The Grandmaster. Its upcoming titles include rom-com My Lucky Star with Zhang Ziyi and China’s first 3D disaster film, Inferno, produced by Oxide and Danny Pang. The company also plans to double its theater network to 40 owned-and-operated cinemas before 2015.