Who says there’s no lending and borrowing going on these days? Media Rights Capital just secured a $350 million revolving credit line from JPMorgan Chase, Broadcasting & Cable reports. MRC is a hybrid financer-talent enterprise that is the outsourcing programmer for The CW’s Sunday prime-time schedule, the publication says. MRC apparently wasted no time upon receiving the credit. It has already initiated production on eight films, 10 television shows and five digital-content campaigns, among other ventures.
—Christopher Perez