Overview

• Neon finalized a $200 million credit facility led by Comerica Bank to support its core operations and strategic growth initiatives.
• The funding will bolster Neon’s film acquisition, development, production, and distribution efforts, as well as facilitate entry into new international markets.
• Recent successes include the Palme d’Or-winning film 'Anora' and the horror hit 'Longlegs,' which grossed $75 million domestically, making it the top-grossing indie film of the year.
• Upcoming projects include the sequel 'They Follow,' Boots Riley’s 'I Love Boosters,' and Michael Covino’s 'Splitsville,' alongside high-profile releases like 'The Seed of the Sacred Fig' and Josh Oppenheimer’s 'The End.'
• This move aligns with trends in the indie film industry, as competitors like A24 also pursue significant funding to scale operations and develop larger-budget projects.