Sonar Entertainment: Sonar Entertainment Raises $121 Million in Production Financing Amid Expansion

EXCLUSIVE: Independent TV studio Sonar Entertainment has secured a new production finance facility of $121 million led by MidCap Financial. The capital infusion doubles Sonar's funds for the development, financing, production and distribution of premium content, with the programming budget now north of $250 million. The additional money is designed to support the rapid slate expansion at Sonar, which went from 3 series in 2016 - all scripted - to 17 two years later (8...