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Rob Reiner’s Castle Rock Relaunches Film Unit With $175 Million Production Fund

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variety.com

Matt Donnelly Senior Film WriterCastle Rock Entertainment, the stalwart content label founded in 1987 by partners including Rob Reiner and Alan Horn, is reviving its film production unit with a $175 million cash infusion.Reiner remains CEO of the outfit, with co-presidents Michele Reiner and Matthew George.

The new fund will develop, produce and finance feature films, and is backed by blue chip investors and banks. David Oliver of CIT Bank, who structured the deal with Daisy Stall of California Bank & Trust, is running point.“I couldn’t be more thrilled,” Reiner said upon the announcement. “The Castle Rock lighthouse has always signaled a safe harbor for the creative community.

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