Get the latest gossip
Asylum Entertainment Group Strikes Deal to Invest in DARE Pictures (EXCLUSIVE)
Non-scripted production company Asylum Entertainment Group has taken a stake in London-based Dare Entertainment, the companies announced Monday.
Under the deal, DARE (which stands for “Diversity, Allyship, Representation, Empowerment”) Pictures will use the investment to expand its development, while its current angel investors Rosegown will exit the business. “Derren and his studio exemplify the vision and trajectory we value at Asylum,” Michaels said.“His enviable track record and diverse interests make him an ideal partner, and we are honored to become an essential part of DARE’s continued growth.” “Steve is an incredibly shrewd entrepreneur, so the opportunity to evolve our company within Asylum’s unique global network provides us with the perfect platform to create more original and memorable stories from around the world.”
Or read this on Variety